Hyundai Motor reported a 31 per cent drop in first-quarter operating profit on Thursday, meeting analysts’ estimates, as weaker demand in the Middle East and a recall of its Palisade SUV weighed on earnings.
Hyundai, which together with affiliate Kia Corp is the world’s third-biggest automaking group by sales, posted an operating profit of 2.5 trillion won ($1.69 billion) for the January-March period, compared with 3.6 trillion won a year earlier.
That compared with a 2.5 trillion won forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate. ($1 = 1,481.1000 won)
Published on April 23, 2026