Hyundai Glovis (086280) Q1 2025 earnings summary

Executive summary

• Achieved strong growth in 1Q25 with sales of KRW 7,223.4B, up 9.7% year-over-year and slightly down 0.9% sequentially.

• Operating profit rose 30.4% year-over-year to KRW 501.9B, with margin improving to 6.9%.

• Net profit surged 30.0% year-over-year and 312.3% sequentially to KRW 398.2B.

Financial highlights

• Gross profit increased 26.1% year-over-year to KRW 677.2B.

• EBITDA reached KRW 678.1B, up 25.6% year-over-year.

• Pre-tax profit grew 19.8% year-over-year and 145.8% sequentially to KRW 514.6B.

Outlook and guidance

• Domestic finished car sales expected to rise with new model launches and hybrid vehicle growth.

• Global trade uncertainties, especially U.S. tariffs, expected to intensify and impact logistics and shipping.

• Market volatility anticipated in international logistics due to ongoing trade disputes.