Hyundai reports ₩2.54 operating profit in Q3, down 29% from the same quarter last year

Hyundai reported its third-quarter results, showing a ₩2.54 trillion ($1.8 billion) operating profit for the period ending September 30, down 29% from the same quarter last ￰0￱ had estimated ₩2.55 trillion, so the figure was roughly in ￰1￱ came in at ₩46.7 trillion, up 8.8% from a year earlier and marking a record high for any third ￰2￱ company said the performance was supported by demand for electric and hybrid vehicles in North America and ￰3￱ quarter played out under heavy ￰4￱ pressure, which Hyundai acknowledged has been a major issue for its cost ￰5￱ month, the company lowered its profit outlook for 2025 but increased its revenue target as it prepares to raise investment in ￰6￱ said this is aimed at reducing some of the impact of American duties on imported vehicles and ￰7￱ company’s shares in Seoul fell as much as 7.2% after a new trade deal between South Korea and the ￰8￱ announced, though they later recovered and closed 2.7% ￰9￱ increase cost burden Hyundai stated that ￰10￱ cost the company ₩1.8 trillion in the third quarter, compared to ₩828 billion in the previous ￰11￱ company said , “Changes in the trade environment, including tariffs, would impact our profits and are a major risk factor for future business operations.” Hyundai also expects sales in emerging markets to slow further, though it did not specify markets or ￰12￱ the tariff burden, Hyundai’s ￰13￱ sales rose 12.7% from a year ￰14￱ were supported by the company’s electric vehicle lineup, which had benefitted from a tax incentive that expired at the end of September, and by the sale of higher-margin ￰15￱ vehicles made up 20% of Hyundai’s ￰16￱ during the quarter, marking the highest share recorded for the company in that market to ￰17￱ Europe, Hyundai reported 3.2% year-on-year growth in sales.

Eco-friendly models made up a significant portion of this, with battery-operated and hydrogen-powered vehicles accounting for 49% of total sales in the ￰18￱ company said demand for its low-emission vehicles in Europe remains ￰19￱ shifts toward hybrids and Genesis Hyundai, together with its affiliate Kia, forms the world’s third-largest automaking group by global ￰20￱ automaker said it will maintain its revenue and profit margin targets for the year, even with the uncertainty around ￰21￱ company, which also includes Hyundai Mobis in its wider group structure, said the recent trade agreement between South Korea and the ￰22￱ “resolved all of the uncertainty” regarding automobile tariffs, according to a Hyundai executive speaking to reporters on ￰23￱ firm is planning to expand its hybrid lineup and is aiming for stronger sales of its Genesis luxury sedan line in ￰24￱ is also considering producing a Genesis hybrid model in the ￰25￱ further reduce tariff pressure and align local production with ￰26￱ ￰27￱ said demand for pure battery electric vehicles may recover after 2030, though it did not provide any ￰28￱ company booked ₩2.5 trillion in operating profit for July to September last year, compared to ₩3.6 trillion in the same quarter a year ￰29￱ consensus had expected revenue of ₩45.8 trillion, meaning Hyundai outperformed on the top ￰30￱ $50 free to trade crypto when you sign up to Bybit now