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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai Motor Company    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
  Report
End-of-day quote. End-of-day quote Korea Stock Exchange - 11/26
179000 KRW   -0.28%
11/30HYUNDAI HCN : and NHTSA Conclude Engine Inquiry
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11/27Hyundai, Kia agree to $210 million U.S. auto safety civil penalty
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11/27Hyundai, Kia Agree to U.S. Consent Orders Over Recalls
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Hyundai Motor : Swung to Net Loss in Third Quarter

10/26/2020 | 01:26am EST

By Kwanwoo Jun

Hyundai Motor Co. swung to a third-quarter net loss as extra recall costs and sluggish car sales put a big dent on the South Korean car maker's quarterly results.

Its net loss was 188.80 billion Korean won ($167.3 million) compared with net profit of KRW460.50 billion in the same quarter a year earlier, the company said Monday. That was below a FactSet consensus forecast for net profit of KRW936.36 billion.

Hyundai attributed the earnings setback to additional provision of KRW2.100 trillion to cover expenses for recalls related to engine defects.

"Excluding the provision, the business performance exceeded market expectations despite the persistently weak global demand caused by the COVID-19 pandemic," it said in a statement.

Third-quarter revenue rose 2.3% compared with the same period a year earlier to KRW27.576 trillion but the company posted an operating loss of KRW313.82 billion compared with a operating profit of KRW378.52 billion a year earlier.

Hyundai Motor's third-quarter global car sales declined 9.6% despite brisk demand in South Korea from new model launches.

Vehicles sales jumped 22% in South Korea but decreased 15% in the rest of the world, the company said.

Uncertainties because of a fresh wave of coronavirus cases and the won's strength against the dollar weighed on its business outlook, it said.

Hyundai Motor's shares were last up 3.3% after the quarterly earnings release.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

Corrections & Amplifications

This article was corrected at 0725 GMT to reflect that Hyundai Motor posted an operating profit of KRW378.52 billion a year earlier. The original version of this article incorrectly said it was a net profit in the fifth paragraph.

(END) Dow Jones Newswires

10-26-20 0225ET

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI CORPORATION -0.33% 15200 End-of-day quote.-15.08%
HYUNDAI MOTOR COMPANY -0.28% 179000 End-of-day quote.48.55%
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More news
Financials
Sales 2020 104 088 B 94,0 B 94,0 B
Net income 2020 1 874 B 1,69 B 1,69 B
Net Debt 2020 57 035 B 51,5 B 51,5 B
P/E ratio 2020 24,5x
Yield 2020 2,07%
Capitalization 38 267 B 34 539 M 34 555 M
EV / Sales 2020 368x
EV / Sales 2021 331x
Nbr of Employees -
Free-Float 71,0%
Chart HYUNDAI MOTOR COMPANY
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Technical analysis trends HYUNDAI MOTOR COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 225 615,38 KRW
Last Close Price 181 500,00 KRW
Spread / Highest target 43,3%
Spread / Average Target 24,3%
Spread / Lowest Target -22,9%
EPS Revisions
Managers
NameTitle
Mong-Koo Chung Co-Chief Executive Officer & Honorary Chairman
Won-Hui Lee Co-President, Co-CEO & Director
Eui-Sun Chung Chairman
José Munoz Global Chief Operating Officer
Byeong-Cheol Choi Chief Financial Officer
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1st jan.Capitalization (M$)
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