Seo Jung-sik, CEO of Hyundai Autoever (photo = Hyundai Autoever)

 

[Alpha Biz= Reporter Kim Sangjin] Hyundai Autoever, which had been below the consensus in the first quarter, is expected to improve in the future, according to a securities firm report.

eBEST Investment & Securities released a report on the 22nd and analyzed that Hyundai Autoever would rebound in the second quarter despite its poor performance in the first quarter. "Hyundai AutoEver is scheduled to discuss a unit price increase in the second quarter, its total enterprise profit ratio (GPM) will improve to 8%," said eBEST Investment & Securities. "In October, sales of KRW 80 billion will be reflected in SI." eBEST Investment & Securities said, "With the expansion of SDV models, vehicle SW sales will increase to 761.3 billion won in 2024, 913.5 billion won in 2025 and 1.962 trillion won in 2026." Other securities firms also had a positive outlook on Hyundai Autoever. SK Securities expects Hyundai Autoever to continue to grow in sales in the early to mid-10% as navigation installation rates and vehicle SW sales continue to increase. NH Investment & Securities also predicted that operating profit will increase by 23% this year due to the increase in the proportion of high-margin vehicle SW due to increased vehicle sales of affiliates, expansion and advancement of navigation, and expansion of vehicle SW.

 

 

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