Kumho Tire said on Feb. 6 that last year's sales and operating profit on a consolidation basis were 4.7013 trillion won and 575.5 billion won, respectively. Compared with a year earlier, sales rose 3.7%, while operating profit fell 2.2%.
Kumho Tire said that despite U.S. tariff imposition and a fire at the Gwangju plant last year, it maintained sales growth as sales expanded in both the global original equipment (OE) and replacement (RE) tire markets, centered on key markets such as the United States and Europe.
With the launch of new products such as "Ecsta Sports," the share of 18-inch and larger high-inch products reached 43.2%. Based on global OE sales, the share of electric vehicle (EV) tire supply was 20.4%.
For this year's performance guidance (targets), Kumho Tire presented the following: ▲ achieving 5.1 trillion won in sales ▲ achieving a 47% share of sales for 18-inch and larger high-inch products ▲ securing a 30% share for EV tire supply based on global OE sales.
A Kumho Tire official said, "Even amid an uncertain outlook this year, including the application of U.S. tariff and increased incentives due to intensifying competition, we plan to focus on expanding the global market and securing profitability by strengthening our portfolio of high value-added products and expanding global production capacity."