Nov 4, 2021

Hankook Q3 Financial Results: Operating Profit Reaching 131 Million EUR

Global leading tyre company Hankook Tire & Technology (Hankook Tire) announced the company’s 2021 Q3 financial results with consolidated global sales of KRW 1.82 trillion (1,340 million EUR) and operating profit reaching KRW 180 billion (131 million EUR).

Hankook Tire continued its qualitative growth this quarter with global sales of tyres 18 inches and higher accounting for 36.4% of total passenger car tyre sales, a YoY increase of 2.4 percentage points. Its top-tier quality management and competitiveness led to the achievement. In particular, high-inch tyre sales in Hankook’s major markets including South Korea, China, Europe, and North America rose compared to the same period last year. The company saw a 9.8 percentage points increase YoY in sales of high-inch tyres to reach 43.4% in China. As for the European market, sales of high-inch tyres grew 3.6 percentage points YoY. …

Q3 2021 Consolidated Financial Results

(Unit: Billion KRW) Q3 FY 2020 Q2 FY 2021 Q3 FY 2021
Sales 1,886 1,806 1,829
Operating Profit 224 187 180
(Unit: Million USD) Q3 FY 2020 Q2 FY 2021 Q3 FY 2021
Sales 1,587 1,610 1,580
Operating Profit 188 166 156
(Unit: Million EUR) Q3 FY 2020 Q2 FY 2021 Q3 FY 2021
Sales 1,358 1,336 1,340
Operating Profit 161 138 131

Tire and Rubber Association of Canada

5409 Eglinton Ave W, Suite 208
Etobicoke, ON M9C 5K6