HD Hyundai Marine Solutions reported an operating profit of 271.7 billion KRW last year, up 35% due to the boom in the shipbuilding industry.

Sales of 1.7455 trillion won… 22% increase compared to the previous year
Enhanced performance in the ship parts AM business led the growth
“Aiming to achieve over 2 trillion won in sales for the first time this year”, ‘[Edaily Kim Eun-kyung] HD Hyundai Marine Solutions announced on the 4th through a public filing that its consolidated sales last year amounted to 1.7455 trillion won, with an operating profit of 271.7 billion won. Compared to the previous year, sales increased by 22% and operating profit by 35%.’,
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, ‘The growth was driven by a 33% year-on-year increase in sales of its core ship parts and services-related aftermarket (AM) business. Recent increases in new ship deliveries and the expansion of eco-friendly dual-fuel engines have boosted demand for maintenance services, leading to increased sales and profitability.’,
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, ‘The digital solutions business, which is seen as a future growth driver, also contributed to the performance increase with a 13.5% rise in sales compared to the previous year. The sales of the eco-friendly retrofit business remained at a similar level to last year.’,
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, ‘The outlook for the future is also positive. With a recent surge in ship orders, maintenance demand for ships is expected to increase significantly. Furthermore, with the strengthening of environmental regulations such as greenhouse gas emission reduction, the demand for eco-friendly retrofitting is also steadily increasing.’,
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, ‘Accordingly, HD Hyundai Marine Solutions (443060) has set its sales target for this year at 2.0556 trillion won, aiming to surpass the 2 trillion won mark in sales for the first time since its inception.’,
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, ‘An official from HD Hyundai Marine Solutions stated, “The continuous orders for eco-friendly ships in the global new-build market are maintaining stable growth in the ship maintenance and repair market,” and added, “We plan to secure a competitive edge by expanding our overseas network and enhancing digital solutions.”‘,
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