Hyundai Mobis Achieves Record High Sales of 59.2544 Trillion Won Last Year

Hyundai Mobis announced on the 25th that it recorded sales of KRW 59.2544 trillion and an operating profit of KRW 2.2953 trillion on a consolidated basis last year.

This represents an increase of 14.2% in sales (KRW 51.9063 trillion) and 13.3% in operating profit (KRW 2.0265 trillion) compared to 2022.

Hyundai Mobis's sales last year reached an all-time high, exceeding the previous annual record by approximately KRW 7.35 trillion. However, the operating profit did not reach the historic peak of KRW 3.1413 trillion recorded in 2014.

A Hyundai Mobis official stated, "The increase in performance was driven by the expansion of electrification parts supply due to automakers' increased production of eco-friendly vehicles, and the expansion of sales of high value-added core components through product mix improvement focused on mid-to-large and sports utility vehicle (SUV) models."