Hyundai Wia (011210) Q3 2024 earnings summary

Executive summary

• Consolidated financial statements for the nine months ended September 30, 2024, were reviewed and found to comply with Korean IFRS 1034, with no material misstatements identified.

• The reporting entity operates primarily in mobility (vehicle parts, mobility solutions) and machine tool/specialty segments, with global subsidiaries and joint ventures.

Financial highlights

• Revenue for the nine months ended September 30, 2024, was ₩6,475,856 million, nearly flat compared to ₩6,479,103 million in the same period last year.

• Operating income for the nine months was ₩181,906 million, slightly down from ₩184,451 million year-over-year.

• Net income attributable to owners for the nine months was ₩67,826 million, up from ₩44,716 million in the prior year period.

• Basic EPS for the nine months was ₩2,545, compared to ₩1,678 in the same period last year.

• Cash and cash equivalents at period end were ₩749,685 million, up from ₩471,826 million at the previous year-end.

Outlook and guidance

• The company’s board approved a memorandum of understanding to sell the machine tool business segment after the reporting period.

• No major changes in risk management or capital strategy are planned.