May 03, 2019 |
Hankook Releases Results from Q1 2019
Hankook Tyre has announced its Q1 2019 financial results with consolidated global sales of KRW 1.64 trillion (€1.28 billion) and an operating profit of KRW 140.1 billion (€109.6 million).
Sales of its high inch tyres (18 inch and above) accounted for 53.9 per cent of passenger car tyres, an increase of 3.3 per cent when compared to the same period in in 2018.
Hankook said that the slowdown of the global auto industry had a negative impact on sales. The increased sales of high inch tyres and the supply of original equipment tyres for pickup trucks and SUVs led to sales growth on high-inch passenger car tyres in North America.
Hankook is continuing to focus on strengthening its 18”-plus car tyres in major markets, original equipment business for premium cars, and increasing the competitiveness of its premium product lines.
It also states that it plans to “diversify its OE portfolio to establish a stable growth structure and optimise distribution strategies for each region”.
Sources:
https://www.tyrepress.com/2019/05/more-than-half-of-hankook-global-car-tyre-sales-over-17/
