Hyundai Mobis expected to post 1 trillion won in operating profit in Q4

[Financial News] IBK Investment & Securities said on the 2nd that it expected Hyundai Mobis to post 1 trillion won in operating profit in the fourth quarter. Operating profit in the third quarter was 914.1 billion won. It maintained its “Buy” rating and lowered its target price from 760,000 won to 570,000 won.
Lee Hyun-wook, a researcher at IBK Investment & Securities, forecast that “Hyundai Mobis’ European module and core component sales recorded the strongest growth in the third quarter, rising 36.0% year on year, while its European operating margin also climbed to 7.7%. The increase in electrification volumes in Europe and the factory ramp-up are structural improvement factors, not one-off gains.” He added, “Most of the costs related to the fire in India were also recognized in advance in the third quarter, so the additional burden in the fourth quarter will be limited.”
In the third quarter, Hyundai Mobis’ after-sales business recorded revenue of 3.4494 trillion won and operating profit of 880.7 billion won, benefiting from regional price increases, favorable exchange rates and a lighter tariff burden.
Lee said, “In robotics, having secured actuator orders, we plan to start prototype production this month at the prototype line in Uiwang and expand our product lineup through joint development of hand grippers and participation in bids for perception modules.” He added, “By 2027, supply equivalent to about 90 prototype units and about 4,000 actuators is expected, and process automation and yield validation for future mass production are also underway.”

[email protected] Kang Gu-gwi Reporter