This presentation contains preliminary figures which may be materially different from the final figures.
The financial information in this document are consolidated earnings results based on K-IFRS. Previous earnings results have also been restated in compliance with K-IFRS.
While the statements in this presentation represent our current assumptions plans and expectations and we believe these judgments are reasonable they are not guarantees of future performance and involve known and unknown risks uncertainties such as FX & raw material costs and other factors that may cause actual results to differ materially from the results performance achievements or financial position expressed or implied in this presentation.
This presentation is provided only as a reference material. It does not constitute or form part of an offer, invitation or recommendation to purchase any securities. HD Hyundai Infracore assumes no responsibility for investment decisions. We trust your decisions will be based on your own independent judgment.
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Table of Contents
2Q23 Results
Highlights
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2Q23 Results
Sales increased +11% YoY thanks to solid growths from the construction equipment division in emerging and developed markets and engine division.
EBIT grew 87% YoY thanks to price hike and improvement in cost structure as part of our company-wide effort towards enhanced profitability.
Income Statement
(Unit : KRW billion)
1Q22
4Q22
1Q23
YoY
QoQ
Sales
1,188.0
1,287.8
1,314.0
+10.6%
+2.0%
EBIT
86.6
152.6
162.0
+87.0%
+6.2%
EBIT margin(%)
7.3%
11.8%
12.3%
+5.0%p
+0.5%p
(Net Financial Cost)
18.2
15.8
15.9
-12.6%
+0.4%
(F/X gains/losses)
13.1
15.0
7.3
-43.9%
-51.0%
Pretax Profit
78.8
145.6
152.9
+94.2%
+5.0%
Net Profit
57.5
112.3
113.2
+96.9%
+0.8%
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2Q23 Sales & EBIT by division
Construction Equipment : Sales and EBIT grew year-on-year thanks to continued order flow from developed markets and enhanced profitability from emerging markets.
Engine : Sales surged for generator, vehicle, ship and defense engines, while EBIT margin remained a stable double-digit in view of price hike and product mix improvement.
Sales
EBIT & Margin
(Unit : KRW billion)
(Unit : KRW billion)
% of sales
YoY
EBIT margin YoY
Construction Equipment
Engine*
1,013.3
77%
+7.8%
Construction
Equipment
300.7
23%
+21.2%
Engine*
(+13.3%)
(356.2)
115.8
11.4%
+126.6%
46.2
15.4%
+30.0%
(13.0%)
Total
1,314.0
100%
+10.6%Total
162.0 12.3%
+87.0%
Note : Sales breakdown based on 3rd party revenue
* Numbers in parenthesis are based on total sales of engine business, which includes internal sales
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Hyundai Doosan Infracore Co. Ltd. published this content on 26 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2023 04:41:07 UTC.
HD Hyundai Infracore Co Ltd, formerly Hyundai Doosan Infracore Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of construction machineries. The Company operates its business through two segments. The Construction Machinery Business segment is mainly engaged in the manufacture and sale of construction machineries such as excavators and wheel loaders. The Engine Business segment is mainly engaged in the manufacture and sale of products such as engines, generators and AS parts. The Company sells its products in domestic and overseas markets.
HD HYUNDAI INFRACORE CO., LTD. 
