Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Investing

Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss

by
January 23, 2025
in Investing
0
Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

SEOUL (Reuters) -South Korea’s Hyundai Motor (OTC:HYMTF) expected on Thursday its 2025 sales growth would halve due to softening vehicle demand and rising competition after reporting a 17% drop in fourth-quarter profit.

Hyundai, which together with affiliate Kia is the world’s third-biggest automaker by sales, forecast 2025 revenue would grow 3.0% to 4.0% this year, versus 7.7% a year earlier. It expects its operating margin to be 7.0% to 8.0%, slipping from 8.1% in 2024.

“Business uncertainties are increasing this year,” Hyundai said, citing a slowdown in major markets, slowing demand for electric vehicles and macroeconomic volatility.

Global automakers are bracing for policy uncertainty in the U.S., the world’s second-largest auto market, that threatens to dampen demand, as U.S. President Donald Trump said this week he could impose 25% import tariffs on Canada and Mexico from Feb. 1.

Trump also said he would consider scrapping tax credits for purchases of electric vehicles.

North America and South Korea are the two biggest markets for Hyundai and Kia.

Hyundai reported operating profit of 2.8 trillion won ($1.95 billion) for October-December as it spent more on promotions in a slowing car market

The result was lower than a 3.2 trillion won average of 24 analyst estimates compiled by LSEG SmartEstimate, which is weighted towards estimates from analysts who are more consistently accurate.

Hyundai shares rose 1.4 % after the earnings announcement.

During the quarter, Hyundai’s global retail sales slipped as solid sales in the United States and India were offset by sluggish demand in South Korea, Europe and China.

A weaker local currency against the U.S. dollar helped raise Hyundai’s repatriated earnings but also increased foreign debt and related financial costs, weighing on profit, analysts said.

($1 = 1,436.4200 won)

This post appeared first on investing.com
Previous Post

Morning bid: China’s shot in the arm for markets

Next Post

China pushes insurers to invest billions in latest move to support market

Next Post
China pushes insurers to invest billions in latest move to support market

China pushes insurers to invest billions in latest move to support market

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

July 9, 2025
Boeing delivers most airplanes since late 2023 after ramping up 737 Max output

Boeing delivers most airplanes since late 2023 after ramping up 737 Max output

July 9, 2025
Waymo offers teen accounts for driverless rides

Waymo offers teen accounts for driverless rides

July 8, 2025
Is a Chinese chain’s blood orange cold brew the future of coffee in America?

Is a Chinese chain’s blood orange cold brew the future of coffee in America?

July 7, 2025

Recent News

Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

July 9, 2025
Boeing delivers most airplanes since late 2023 after ramping up 737 Max output

Boeing delivers most airplanes since late 2023 after ramping up 737 Max output

July 9, 2025
Waymo offers teen accounts for driverless rides

Waymo offers teen accounts for driverless rides

July 8, 2025
Is a Chinese chain’s blood orange cold brew the future of coffee in America?

Is a Chinese chain’s blood orange cold brew the future of coffee in America?

July 7, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved