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Hankook & Company announces 2022 financial results 2023-02-17 공유하기 |
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Seoul, Korea, February 15, 2023 – Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co., Ltd., announced its 2022 financial results, recording KRW 1,089.7 billion in global sales and KRW 238.5 billion in operating profit, with year-on-year increases of 13.1% and 4.5%, respectively. Hankook & Company Energy Solution (ES) Business Headquarters, which is in charge of lead-acid battery business of the holding company, achieved annual sales growth through strategic sales price operation in major global markets based on 'Hankook' and ‘AtlasBX’ brands, and strengthening premium AGM (Absorbent Glass Mat) batteries sales. In addition, the company established a new subsidiary in Europe and Germany, and further expanded its global sales network by acquiring new customers in North and Latin America. As a holding company, Hankook & Company saw a rise in operating profit and stable performance, reflecting the earnings of its major subsidiary, Hankook Tire. In addition, the company was recently recognized for its ESG efforts, winning the "Happiness Award" in the donation category at the 9th Annual Community Chest of Korea Grand Prize hosted by Community Chest of Korea. Since 2003, Hankook & Company has been actively engaged in community-based activities in conjunction with Community Chest of Korea and has donated approximately KRW 13.6 billion to underprivileged neighbors by 2022. In 2023, Hankook & Company aims to further accelerate its global growth by expanding the production and sales of AGM batteries and stabilizing operations at its Tennessee plant in the United States. These efforts are intended to strengthen the company's fundamental business competitiveness. Hankook Tire Co., a major affiliate of the group, achieved consolidated global sales all time high at KRW 8,394.2 billion. Operating profit stood at KRW 705.7 billion. The increase in the proportion of high-value-added products, effective pricing strategies, and increased supply of Original Equipment Tires (OET) in major global markets were key factors contributing to its success. Meanwhile, in April 2021, Hankook & Company merged with AtlasBX and became a business holding company, securing sales competitiveness in the global market by providing lead-acid batteries to approximately 450 companies in 100 countries worldwide. In the Holding Division, Hankook shares an integrated brand system that reflects its global brand "Hankook" with its affiliates and plays a crucial role in discovering new growth engines to realize the group's sustainable growth. Hankook & Company Consolidated Financial Results
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