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

Hankook Tire promptly shares general news on business opeations with interested parties.
Date05/02/2019 Hits4,193

Hankook Tire Announces 2019 Q1 Financial Result

  • - High inch tires (over 17 inch) account for 53.9% of total sales, a 3.3%p YoY increase, strengthening premium products and brand image

May 2, 2019 (Seoul, Korea) - Global leading premium tire maker, Hankook Tire (President & CEO Hyun Bum Cho) announced today the company’s 2019 Q1 Financial Result with consolidated global sales of KRW 1.6424 trillion and an operating profit of KRW 140.1 billion.

Driven by global top-tier technology and premium product quality, sales of high inch tires (over 17 inches) accounted for 53.9% of passenger car tires, leading to 3.3%p YoY increase and reinforcing its premium brand image.

Slowdown of global auto industry had negative impact on sales. On the other hand, increased sales of high inch tires and supply of original equipment tires for pickup trucks and SUVs led to sales growth of high inch passenger car tires in North America.

Hankook Tire will continue to enhance its premium image through increasing sales of high inch (over 17 inch) in major markets, supplying OE tires for premium cars, and strengthening competitiveness in its premium product lines. Hankook Tire also plans to diversify its OE portfolio to establish a stable growth structure and optimize distribution strategies for each region.

Q1 2019 Consolidated Financial Result

Q1 2019 Consolidated Financial Result
(Unit: Billion KRW) Q1 FY 2018 Q4 FY 2018 Q1 FY 2019
Sales 1,609.10 1,725.20 1,642.40
Operating Profit 184.8 145.0 140.1
Q1 2019 Consolidated Financial Result
(Unit: Million USD) Q1 FY 2018 Q4 FY 2018 Q1 FY 2019
Sales 1,500.6 1,530.1 1,459.9
Operating Profit 172.3 128.6 124.5
Q1 2019 Consolidated Financial Result
(Unit: Million EUR) Q1 FY 2018 Q4 FY 2018 Q1 FY 2019
Sales 1,221.6 1,341.1 1,285.3
Operating Profit 140.3 112.7 109.6

*Exchange Rates:

*Exchange Rates:
  Q1 FY 2018 Q4 FY 2018 Q1 FY 2019
USD / KRW 1,072.3 1,127.5 1,125.1
EUR / KRW 1,317.2 1,286.4 1,277.9

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