HD Hyundai Construction Equipment Reports Q1 Operating Profit of 41.7 Billion KRW, Down 22% Year-on-Year

Sales Down 7.4% to 906.8 Billion KRW
Future Optimization of Region-Specific Strategies

HD Hyundai Construction Equipment announced in a regulatory filing on April 28, 2025, that its operating profit for the first quarter of this year was provisionally tallied at 41.7 billion KRW, a decrease of 22.3% compared to the same period last year. Revenue fell by 7.4% to 906.8 billion KRW.

The company explained that while it maintained solid growth in key emerging markets such as India and Brazil, it was affected by delayed demand recovery in advanced markets, including North America and Europe.

In India and Brazil, sales increased by 11% and 8%, respectively, compared to the same period last year, driven by government-led public infrastructure investment policies. In China, sales rose by 33% as economic stimulus measures coincided with an equipment replacement cycle.

HD Hyundai Construction Equipment plans to expand its market share by focusing on country-specific sales strategies. The company also intends to respond quickly to varying product demand in emerging markets, which is influenced by fluctuations in mineral resource prices.

In advanced markets, market uncertainty increased due to U.S. tariff policies and interest rates, resulting in a decrease in new product sales compared to the same period last year. However, aftermarket (AM) business revenue, such as replacement parts for aging equipment, continued to show stable growth.

A representative from HD Hyundai Construction Equipment stated, "To overcome the uncertain market environment, we will restructure the product portfolio in advanced markets to focus on high-profit equipment and prioritize profitability by minimizing costs. At the same time, we will further strengthen our position in key emerging markets and do our utmost to secure global product competitiveness through next-generation new models."