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Welcome to the Hankook Tire press room, where you can access the latest news on Hankook Tire and our industry.
Date07/30/2014 Hits43,253

CategoryCorporate

Hankook Tire Announces Earnings Results for Second Quarter 2014

  • - Global sales revenue posted KRW 1.66 trillion and operating profit of KRW 251.2 billion
  • - Solidified brand reputation as a global tire company with robust UHP tire sales and continued investment in technology

July 29th, 2014 (Seoul, Korea) – Hankook Tire today announced financial results for the second quarter 2014. The company posted global consolidated quarterly revenue of KRW 1.66 trillion, and its quarterly operating profit marked KRW 251.2 billion.

Despite a strong Korean Won, Hankook Tire has built a strong brand reputation as a premium global tire company with its robust sales in Ultra-High Performance (UHP) tire segment and consistent investment in technology.

The UHP tire segment accounts for 30% of the company’s consolidated quarterly sales. In addition, Hankook Tire is continuing its business growth in the global automotive market including Europe, led by a growing recognition for the company’s advanced tire technology and performance.

Hankook Tire recently broke ground for its new R&D center, HANKOOK TECHNODOME. Hankook Tire’s continuous investment in R&D reflects its keen emphasis on further development of future-oriented tire technology to improve its global competitiveness and for its path to become a global top-tier tire brand.

Q2 2014 Consolidated Results
Q2 2014 Consolidated Results
(Unit: Billion KRW) Q2 2013 Q1 2014 Q2 2014 YoY % QoQ %
Sales 1,870.6 1,675.0 1,661.5 -11.2% -0.8%
Operating Profit 271.3 260.2 251.2 -7.4% -3.5%
Q2 2014 Consolidated Results
(Unit: Million USD) Q2 2013 Q1 2014 Q2 2014
Sales 1,667.0 1,566.9 1,612.5
Operating Profit 241.8 243.4 243.8
Q2 2014 Consolidated Results
(Unit: Million Euro) Q2 2013 Q1 2014 Q2 2014
Sales 1,276.5 1,143.3 1,175.9
Operating Profit 185.1 177.6 177.8
* Exchange Rate:
Q2 2014 Consolidated Results
  Q2 2013 Q1 2014 Q2 2014
USD/KRW 1,122.15 1,069.01 1,030.38
EUR/KRW 1,465.46 1,465.03 1,412.93
(NOTE: Average exchange rates for the given quarterly periods, retrieved from Korea Exchange Bank)


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