Hyundai Glovis Full Year 2024 Earnings: EPS: ₩14,785 (vs ₩14,148 in FY 2023)

Hyundai Glovis (KRX:086280) Full Year 2024 Results

Key Financial Results

• Revenue: ₩28t (up 11% from FY 2023).
• Net income: ₩1.11t (up 4.5% from FY 2023).
• Profit margin: 3.9% (down from 4.1% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₩14,785 (up from ₩14,148 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hyundai Glovis Earnings Insights

The primary driver behind last 12 months revenue was the Distribution segment contributing a total revenue of ₩13t (47% of total revenue). Notably, cost of sales worth ₩26t amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ₩697.3b (52% of total expenses). Explore how A086280's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Logistics industry in Asia.

Performance of the market in South Korea.

The company's shares are down 11% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Hyundai Glovis' balance sheet and an in-depth analysis of the company's financial position.

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