The company reported strong growth in emerging markets, Europe and China. Revenue in emerging markets climbed 21% from a year earlier as mining and infrastructure development continued. Sales in Europe and China rose 18% and 26%, respectively, on improving demand.
HD Hyundai Infracore reported revenue of 4.5478 trillion won and operating profit of 286.4 billion won last year, up 10.5% and 55.5%, respectively. Its engine business posted revenue of 1.3264 trillion won and an operating margin of 14.3%.
An HD Construction Equipment official said the company will strengthen integration synergies and region-by-region sales strategies in line with a recovery in global market conditions. The official said it will also focus on securing future technology competitiveness and diversifying earnings through areas such as the aftermarket, engines and compact equipment.
* This article has been translated by AI.
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