Hankook Tire reported increased sales with global consolidated quarterly revenues of €1.27bn (US$1.43bn) and an operating profit of €187.9m (US$212m) for the fourth quarter of 2015.
The company generated positive sales growth in the UHP segment, which accounts for 33% of the company’s overall revenue, with an increase of 6.4% compared with the same period last year.
Increased sales in North America contributed to Hankook Tire’s overall revenue showing 20% growth, followed by an increase in the UHP tire segment of 29% year-on-year respectively. The company’s UHP tire sales in North America accounted for 33.3% of the total revenue. With this steady positive growth, Hankook Tire expects to further reinforce its competitiveness in the UHP tire segment, an important source of profit and creation of new technology.
February 9, 2016