Go to the body

Home Finance Shares & Shareholders Financial News

Financial News

Hankook Tire promptly shares general news on business opeations with interested parties.

Hankook Tire promptly shares general news on business opeations with interested parties.
Date04/30/2015 Hits65,996

Hankook Tire Reports Financial Results for First Quarter 2015

  • - Hankook Tire achieved a global sales revenue of KRW 1.48 trillion and an operating profit of KRW 203.2 billion in the first quarter of 2015

April 30th, 2015 (Seoul, Korea) – Hankook Tire today announced the financial results for the first quarter of 2015. The company reported its global consolidated sales of KRW 1.48 trillion and an operating profit of KRW 203.2 billion.

Several factors such as intensifying competition caused by the global economic recession and slow economic growth in China, as well as fluctuations in exchange rates stemming from the low Euro, the currency for Hankook Tire’s one of the major markets, have been reported to contribute to a slight dip in Hankook Tire’s global sales revenue and overall operating profit in the first quarter of 2015 compared to the previous quarter.

Hankook Tire has seen consistent growth in revenue from the Ultra High Performance (UHP) tire segment. It accounts for approximately 34% of the company’s entire financial profit for the first quarter. Specifically, sales revenue from Europe and North America has seen robust growth over the previous quarter in large part due to the increase in the sales of UHP tire and OE supply agreements in those developed markets.

Hankook Tire will differentiate its products from the competition by diversifying the larger tire line-ups and further enhancing the company’s position in the premium tire market. Hankook Tire will also continue to accelerate its business growth as a global top tier-tire company by supplying OE tires to more major high-end automobile brands in Europe.

Q1 2015 Consolidated Financial Result
Q1 2015 Consolidated Financial Result
(Unit: Billion KRW) Q1 FY 2014 Q4 FY 2014 Q1 FY 2015
Sales 1,675.0 1,629.4 1,486.5
Operating Profit 260.2 244.3 203.2
Q1 2015 Consolidated Financial Result
(Unit: Million USD) Q1 FY 2014 Q4 FY 2014 Q1 FY 2015
Sales 1,566.9 1,499.4 1,351.0
Operating Profit 243.4 224.8 184.7
Q1 2015 Consolidated Financial Result
(Unit: Million USD) Q1 FY 2014 Q4 FY 2014 Q1 FY 2015
Sales 1,143.3 1,200.4 1,199.4
Operating Profit 177.6 180.0 164.0
*Exchange Rates:
Q1 2015 Consolidated Financial Result
(Unit: Million USD) Q1 FY 2014 Q4 FY 2014 Q1 FY 2015
USD / KRW 1069.01 1086.72 1100.26
EUR / KRW 1465.03 1357.36 1239.34
(NOTE: Average exchange rates for the given annual period, retrieved from Korea Exchange Bank)

IR Calendar

달력
S M T W T F S

IR Event

Close Layer
    ■ Today

    TOP

    It is