Hyundai Motor Co (MEX:HYUD N)

MXN 953.96 0 (0%) Market Cap: 501.56 Bil Enterprise Value: 1.89 Til PE Ratio: 5.59 PB Ratio: 0.70 GF Score: 78/100

Q1 2023 Hyundai Motor Co Earnings Call Transcript

Apr 25, 2023 / 05:10AM GMT

Release Date Price: MXN570

Transcript

Unidentified Company Representative

Welcome, everyone, to Hyundai Motor's 2023 Q1 business results conference call. On behalf of Hyundai Motor Company, I appreciate your time for participating in today's call. Please refer to the presentation, HMC 2023 Q1 business results on our IR website.

Today's presentation consists of two parts: sales summary and financial summary. For more information, please refer to the Appendix page.

The first part is sales summary. Our 2023 first-quarter global wholesale has increased by 13.2% year on year to 1,021,712 units, while retail sales increased by 3.6% year on year to 986,823 units. In Q1, with semiconductor and other parts supply regaining balance, productions have increased and our wholesale sales, so on year-on-year increase with strong back orders.

In domestic market, thanks to better parts supply situation, production has gone up and strong sales of the all-new Grandeur launched in Q4 last year resulted in all-time high Q1 sales, up by 26% year on year. In North America, strong sales have continued led by SUVs and Genesis, resulting in wholesale

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