Except for the political instability in North Korea which could disrupt production in a moment, things look good for Hyundai.
Hyundai Motor Company said today in a regulatory filing that profits jumped 46% in Q1 as sales were up 21% to 18.23 trillion Korean Won on a consolidated basis. South Korea’s largest automaker benefited from strong sales in China, Europe and the U.S., as competing Japanese automakers struggled with production disruptions because of the Japan earthquake.
As a result of strong sales and factories operating on overtime, Hyundai operating profits increased to 46% from a year earlier to 1.83 trillion Won and its stock closed at a record high since trading began in 1975.
Sales from overseas factories increased 14%, while sales in the protected domestic market were flat. Shipments from Chinese plants climbed 13% and rose 23% at Hyundai’s U.S. plant.
