Doosan Bobcat reported an operating profit of 204.2 billion won for the second quarter of this year, a decrease of 14.8% compared to the same period last year (239.5 billion won), in a regulatory filing on the 25th. Revenue fell by 1.6% year-on-year to 2.2 trillion won. Net profit decreased by 22.9% to 121.8 billion won compared to the same period last year.
Doosan Bobcat cited inventory adjustments in advanced markets as the main reason for the decline in performance. The company noted that while market demand was similar to last year, it proactively reduced dealer inventories in preparation for uncertainties regarding tariffs.
Looking at sales by product, sales of compact equipment and industrial vehicles decreased by 6% and 9%, respectively, compared to the previous year, while portable power grew by 4% due to increased sales of mobile generators. By region, North America saw a 5% decline, while EMEA (Europe, the Middle East, and Africa) and ALAO (Asia, Latin America, Oceania) each experienced declines of 6% and 10%, respectively.
Doosan Bobcat held a board meeting that day and decided on a quarterly dividend of 400 won per common share. The dividend yield is 0.7%. The payment date for the dividends is scheduled for the 26th of next month.