Robust Growth in Hybrid and EV Sales
In the U.S. market, hybrid model sales increased 43.0% year-over-year, driven by SUVs such as the Tucson and the Santa Fe. EV sales also grew 16.8% year-over-year. In Europe, EV sales increased by 61.1% and hybrid vehicle sales by 24.7% year-over-year.
Record-High Operating Profit
Hyundai posted a record high first quarter operating profit of KRW 3.6 trillion and an 8.2% operating profit margin, outperforming market consensus and annual guidance for OPM.
Strong Performance in Finance Division
The Finance division's revenue increased by 11.2% year-over-year, and operating profit increased by 34.3%. Net income increased by 0.2% year-over-year to KRW 3.8 trillion.
Dividend and Shareholder Return Policy
A quarterly dividend of KRW 2,500 per share was announced, with plans to cancel 1.2% of issued stock to enhance shareholder value.