Hyundai Mobis Posts Q2 Sales of 16.32 Trillion Won, Operating Profit Up 12.1% Year-on-Year

Expansion of High Value-Added Automotive Electronics Component Supply
Driven by Favorable Exchange Rate and After-Sales Business Performance
9.508 Billion Won Invested in Technology in the First Half

Despite an uncertain global business environment, Hyundai Mobis achieved growth across all areas—sales revenue, operating profit, and net profit—in the second quarter, driven by higher supply of high value-added automotive electronics components and solid performance in its after-sales (A/S) business.

Hyundai Mobis announced on July 25 that its sales revenue for the second quarter of this year reached 16.3247 trillion won, with an operating profit of 975.2 billion won and a net profit of 1.0602 trillion won. Compared to the same period last year, sales revenue increased by 2.4%, operating profit by 12.1%, and net profit by 13.5%.

On a cumulative basis for the first half of the year, the company recorded sales revenue of 31.8852 trillion won and operating profit of 1.7778 trillion won, reflecting growth of 3.9% and 8.0%, respectively, compared to the first half of last year.

Performance improvements were driven by a better product mix and company-wide initiatives to strengthen profitability. Although there was a slight decline in sales for the electrification segment due to decreased production volumes from certain automaker customers and continued cost pressures from memory semiconductors, these were offset by increased sales to overseas automakers and expanded supply of high value-added automotive electronics components. The A/S parts segment also maintained solid results, supported by growth in global sales and favorable foreign exchange rates.

To secure core technologies for future mobility, Hyundai Mobis invested a cumulative total of 950.8 billion won in research and development (R&D) during the first half of the year. This represents about 44% of the annual investment plan of 2.1631 trillion won. In addition, the company is accelerating its global customer diversification by ramping up core component sales activities for major automakers in North America, Europe, and Asia. In the first half of this year, Hyundai Mobis achieved orders totaling 740 million dollars from global customers.

A Hyundai Mobis representative stated, "Although some orders were delayed in the first half due to project schedule adjustments following changes in client strategies and a slowdown in the electrification market, we are focusing on securing new orders from both new products and new clients to improve the quality of our order book and actively expand further opportunities."

Meanwhile, in line with its mid- to long-term shareholder return policy, Hyundai Mobis continues its commitment to enhancing shareholder value. This year's interim dividend will be 1,500 won per share, with the record date set for August 10. Additionally, from May to July of this year, the company repurchased approximately 910,000 shares of treasury stock worth a total of 500 billion won, all of which are scheduled for cancellation by August.

This content was produced with the assistance of AI translation services.