Doosan Bobcat disclosed on the 11th that on a consolidation basis last year it posted annual revenue of 8.7919 trillion won and operating profit of 686.1 billion won.
Compared with the previous year, revenue rose 3%, while operating profit fell 21%. The operating margin came in at 7.8%.
By region, revenue in North America fell 3% from a year earlier due to demand slowing amid tariff uncertainty. Revenue in Asia, Latin America and Oceania declined 13% as domestic demand weakened further. Revenue in Europe, the Middle East and Africa rose 1% as demand held at the previous year's level.
By product, revenue from compact equipment and industrial vehicles fell 2% and 9%, respectively, while portable power revenue increased 1%.
Fourth-quarter revenue last year came to 2.3772 trillion won, up 11% from a year earlier. Over the same period, operating profit was tallied at 148.3 billion won, down 17.7%.
Net cash at the end of last year was $353 million, marking five consecutive quarters of a net cash stance. The liability ratio was tallied at 70.8%.
On the day, Doosan Bobcat's board resolved a settlement of account dividend of 500 won per share. As a result, last year's total annual dividends were 1,700 won, and the shareholder return ratio was set at 40.4%. Despite a market slowdown, the dividend size is the largest ever. The company kept last year's pledge of "a minimum dividend of 1,600 won and a shareholder return ratio of 40% of consolidation net income."
This year's outlook is not entirely bright. Doosan Bobcat projected annual revenue this year at $6.45 billion, up 4.3% from the previous year, and presented operating profit at $482 million, in line with the prior year. A Doosan Bobcat official said, "While demand in key markets is expected to edge lower, we will seek to increase revenue by replenishing dealer inventories and expanding market share."