Press release
65KB
maggio 12, 2022 - Hankook
Hankook Tire announces 2022 Q1 financial results
Comunicato Stampa disponibile solo in lingua originale.
- Sales reached KRW 1,790.6 billion (EUR 1,323.9m), a 10.8 percent increase year-on-year (YoY), with sales of large-diameter tyres driving growth
- Uncertain global business environment impacts operating profit, down 32.2 percent YoY at KRW 126.0 billion (EUR 93.1m)
- Hankook aims to gain leadership in EV market with iON, its newly launched first family of tyres designed for EVs
Hankook Tire announced the company’s 2022 Q1 financial results with consolidated global sales of KRW 1,790.6 billion (EUR 1,323.9m) and an operating profit of KRW 126.0 billion (EUR 93.1m).
With the challenges presented by the uncertain global business environment in the first quarter of 2022, the company saw a 32.2 percent decline in operating profit YoY. This decrease was largely due to the lingering effects of the ongoing global supply chain disruptions, rising raw material prices, the resurgence of COVID-19 and geopolitical issues.
However, the company’s sales continued to rise with an increase of 10.8 percent YoY through effective pricing and distribution strategies in major regions. In particular, sales of large-diameter car tyres (18 inches or more) continued to drive growth, accounting for 39.0 percent of the company’s total sales, up 1.3 percentage points (pp) YoY. The regions of Korea, China, and Europe played a key role in the sales growth. The share of large-diameter tyre sales for cars in the Chinese market was 49.1 percent, up 8.6pp YoY, while the Korean and European markets increased 2.3pp and 0.9pp YoY respectively. And the US market showed steady recovery in the first quarter.
In the meantime, Hankook’s competitiveness in product quality continued to be recognised by renowned automobile magazines in the summer tyre performance test category. #auto Bild, Europe’s most prestigious automobile magazine, gave #hankook Tire’s all-new Ventus Prime 4 the highest rating, “exemplary”. The 18-inch Ventus S1 evo 3 SUV was also crowned test winner and rated “exemplary” in #auto Bild Allrad magazine, Europe's largest all-terrain-vehicle magazine.
Hankook continued to expand its original equipment (OE) portfolio for flagship models and electric vehicles from premium carmakers. In the first half of this year, the company started supplying OE tyres to BMW’s first-ever four-door all-electric Gran Coupe, the BMW i4, and to Mercedes Benz’s luxurious S-Class saloon.
Furthermore, #hankook has introduced its first family of tyres designed especially for premium high-performance electric vehicles. The iON (pronounced as /ai'on/) products will be available in three designs: summer, winter and all-season. The iON will roll out starting from May in Europe first, and then be expanded to other markets globally in August.
Hankook Tire aims to achieve double-digit growth this year and increase its proportion of large-diameter tyre sales to 42 percent of total sales of car tyres. #hankook will sharpen its focus on gaining leadership in the electric vehicle tyre segment, strengthening cooperation with leading carmakers and expanding regional distribution channels and sales.
Q1 2022 Consolidated Financial Result
(Unit: Billion KRW) | Q1 FY 2021 | Q4 FY 2021 | Q1 FY 2022 |
Sales | 1,616.8 | 1,888.4 | 1,790.6 |
Operating Profit | 186.0 | 88.3 | 126.0 |
(Unit: Million USD) | Q1 FY 2021 | Q4 FY 2021 | Q1 FY 2022 |
Sales | 1,451.2 | 1,596.0 | 1,486.0 |
Operating Profit | 166.9 | 74.6 | 104.5 |
(Unit: Million EUR) | Q1 FY 2021 | Q4 FY 2021 | Q1 FY 2022 |
Sales | 1,204.2 | 1,396.2 | 1,323.9 |
Operating Profit | 138.5 | 65.2 | 93.1 |
*Exchange Rates:
| Q1 FY 2021 | Q4 FY 2021 | Q1 FY 2022 |
USD / KRW | 1,114.05 | 1,183.17 | 1,204.95 |
EUR / KRW | 1,342.62 | 1,352.51 | 1,352.44 |
20220511 Hankook Tire announces 2022 Q1 financial results
1200x917, 733KB
News correlate |
||
|
|
|
aprile 02, 2024
|
novembre 29, 2023
|
novembre 29, 2023
|
|
Comunicato Stampa disponibile solo in lingua originale. What a magnificent premiere for Hankook and the Formula E World Championsh... |
Il 23 novembre, il consiglio di amministrazione della società ha approvato la richiesta di costruzione di una nuova linea di produ... |
Comunicato Stampa disponibile solo in lingua originale. Premium tyre manufacturer Hankook was recognised with the "Sustainable Fut... |
Scarica tutto 
Ti potrebbe interessare anche |
||
|
|
|
ottobre 12, 2023
|
agosto 07, 2023
|
luglio 12, 2023
|
|
Comunicato Stampa disponibile solo in lingua originale. Norbert and Francesca Maior crowned champions Thrilling rally action in si... |
Comunicato Stampa disponibile solo in lingua originale. Presentation at the official “Season 9 Awards Gala” in LondonHankook thril... |
La "Città Eterna" ospiterà la penultima tappa di questa stagione del Campionato mondiale ABB FIA Formula E dal 14 al 16 luglio. In... |
Inglese 
Scarica tutto 
Condividi
Condividi via mail 
Automotive
Sport
Events
Art&Culture
Design
Fashion&Beauty
Food&Hospitality
Tecnologia
Nautica
Racing
Excellence
Corporate
OffBeat
Green
Gift
Pop
Heritage
Entertainment
Health & Wellness