Hyundai AutoEver Q2 Operating Profit Rebounds to 86.6B Won, Up 6.4% YoY

According to Yonhap Infomax's consensus of seven major Korean brokerages on July 9, Hyundai AutoEver (307950) is projected to report second quarter operating profit of 86.6 billion won, rebounding sharply from first quarter's 21.2 billion won. Revenue is expected to reach 1.1998 trillion won, up 15.14% year-over-year, with net profit of 65.8 billion won, up 10.22% year-over-year.

The recovery reflects deferred IT outsourcing (ITO) billing recognized in Q2—approximately 20 billion won from major projects—and benefits from Hyundai Motor Group's manufacturing AI platform initiatives. Operating margin is forecast to expand to 7% from Q1's 2.3%.