Hankook Q3 Financial Results: Operating Profit Reaching 131 Million EUR
Global leading tyre company Hankook Tire & Technology (Hankook Tire) announced the…
Continue Reading
Nov 4, 2021
…
“In July–September, we achieved a record-high third quarter net sales. Thanks to a great performance by all our business units and business areas, together with early timing of deliveries, net sales with comparable currencies increased by 24.6%. Segments operating profit grew significantly driven by higher sales volume.
As anticipated, increased raw material and logistics costs, including the shortage of container capacity, were visible in the third quarter. We have taken mitigating actions, including price increases, to reduce the impact of cost inflation. These actions led to a higher Average Sales Price in the third quarter. We have announced further prices increases in a wide range of markets and products, and we will continue to carefully control costs, as cost inflation is expected to continue. …
Key figures
| EUR million | 7–9 /21 | 7–9 /20 | Change % | CC* Change % | 1–9 /21 | 1–9 /20 | Change % | CC* Change % | 2020 |
| Net sales | 443.5 | 349.9 | 26.8% | 24.6% | 1,201.5 | 900.4 | 33.4% | 34.9% | 1,313.8 |
| Operating profit | 89.1 | 62.3 | 215.2 | 48.6 | 120.0 | ||||
| Operating profit % | 20.1% | 17.8% | 17.9% | 5.4% | 9.1% | ||||
| Profit before tax | 85.0 | 56.2 | 208.3 | 35.1 | 106.0 | ||||
| Profit for the period | 69.1 | 52.5 | 169.1 | 30.1 | 86.0 | ||||
| EPS, EUR | 0.50 | 0.38 | 1.22 | 0.22 | 0.62 | ||||
| Segments operating profit | 96.9 | 69.3 | 236.8 | 110.1 | 190.2 | ||||
| Segments operating profit % | 21.8% | 19.8% | 19.7% | 12.2% | 14.5% | ||||
| Segments EPS, EUR | 0.54 | 0.44 | 1.35 | 0.60 | 1.04 | ||||
| Segments ROCE, %** | 14.4% | 9.5% | 9.3% | ||||||
| Equity ratio, % | 65.7% | 57.5% | 65.3% | ||||||
| Cash flow from operating activities | -81.0 | 7.1 | -96.1 | -6.6 | 422.4 | ||||
| Gearing, % | 15.9% | 18.5% | -1.1% | ||||||
| Interest-bearing net debt | 251.0 | 280.6 | -17.2 | ||||||
| Capital expenditure | 20.3 | 31.0 | 59.6 | 118.5 | 149.9 |
* Comparable currencies ** Rolling 12 months
…
Source: Nokian Tyres
Tire and Rubber Association of Canada
5409 Eglinton Ave W, Suite 208
Etobicoke, ON M9C 5K6
Tel: (437) 880-8420
Email: [email protected]