Hyundai Mobis said in a disclosure on the 28th that on a consolidation basis last year it achieved sales of 61 trillion 11.181 billion won and operating profit of 3 trillion 3.575 billion won. Compared with last year, those figures rose by 6.8% and 9.2%, respectively, and are all the largest on record.
For the fourth quarter, it achieved sales of 15 trillion 39.79 billion won and operating profit of 9.305 billion won. Compared with the same period last year, sales rose 4.7% while operating profit fell 5.6%.
Hyundai Mobis's performance last year was driven by manufacturing areas such as module assembly and parts production. Sales in this business sector recorded 47 trillion 8.001 billion won, an increase of 5.9% compared with the same period last year. The full-scale start-up of the North American electrification plant and growth in high-value-added core parts such as electronic components led the sales increase, and the company said that companywide profit-and-loss improvement activities led to profitability improvement despite the impact of U.S. tariffs.
The A/S parts business sector also saw continued strong global demand, and favorable exchange rate effects led to sales of 13 trillion 3.180 billion won. That was a 10.2% increase from the previous year.
Meanwhile, Hyundai Mobis increased total dividends last year to 6,500 won and then canceled 700,000 treasury shares it already held and 1,560,000 newly acquired treasury shares. Hyundai Mobis implemented its shareholder return policy at a level of 32.8% in TSR (Total Shareholder Return).
Hyundai Mobis will also carry out facility investments this year without interruption to strengthen future mobility competitiveness and expand global bases. R&D investment is expected to exceed 2 trillion won for the first time this year. In addition, the company plans to consistently maintain the shareholder return policy released at last year's CEO investor day and continue cash dividends and share repurchases and cancellations.
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