Hyundai Motor, 2·4Achieves consensus amid quarterly production disruptions… RMAC launch in the second half draws attention
LS Securities said Hyundai Motor delivered results in line with consensus despite quarterly production disruptions, and forecast that the launch of RMAC in the second half and the establishment of a robot production subsidiary would be catalysts for a rebound in performance. The production disruption is estimated at approximately 2·4 units, and the company said normalization is expected from 2·7 following alternative parts supplies.
LS Securities said that on 8·2 Hyundai Motor recorded results in line with consensus despite quarterly production disruptions. It forecast that the launch of RMAC in the second half and the establishment of a robot production subsidiary would be catalysts for a rebound in performance.4·
LS Securities forecast 2·4 quarterly revenue to rise 0.7·48 trillion 6200· billion won year on year.
Operating profit was expected to decline 13.7·3 trillion 1100· billion won.
By segment, automobile operating profit was estimated at 2trillion2000hundred million won, and the financial segment at 6,475hundred million won.
2·4The main reason cited for the quarterly weakness was production disruptions. It was stated that fires at Anzen Industry and the India plant had an impact.
Global wholesale sales totaled 99ten thousand vehicles, while sales excluding China totaled 96ten thousand8,000vehicles.
The scale of the production disruption was estimated at approximately 2ten thousand vehicles.
LS Securities forecast that production would normalize from 7month as substitute parts began to be supplied by Chinese parts makers.
It added that key points to watch going forward include whether the start of RMAC operations in the second half of the year and the launch of the robot production subsidiary translate into actual results.
Sources: 파이낸셜뉴스 산업
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