Hyundai Announces 2011 Business Results

SEOUL, SOUTH KOREA – Jan 31, 2012: Hyundai Motor Company, South Korea’s largest automaker, posted global sales of 4,059,438 units (domestic plants: 1,884,633, overseas plants: 2,174,805) in 2011, a 12.4% increase compared to 2010.

Sales revenue rose 16.1% to 77.8 trillion won (AUD$65.5 billion)* from 2011 as the company sold more fuel-efficient and aesthetically appealing new models with reliable quality, while operating profit also rose 36.4% to 8.08 trillion won (AUD$6.80 billion). Net profit increased 35.1% to 8.1 trillion won (AUD$6.81 billion), backed by robust performance at Hyundai’s overseas plants and subsidiaries.

Hyundai Motor’s gains in 2011 are a result of the company’s continuous improvements in quality, which contributed to the increase in sales and the brand’s value. In the U.S., Hyundai achieved the top spot amongst all automotive brands in J.D. Power and Associates’ 2012 Customer Retention Study(SM), improving its retention rate to 64%, up four percentage points from 2010. Hyundai’s all-new Elantra was crowned the 2012 North American Car of the Year earlier this month, while leading German motoring magazine Auto Bild in December last year awarded Hyundai with the top position in its ‘Auto Bild Qualitätsreport’ for the second year in a row, attesting to the company’s advances over the years.

As industry experts forecast slower growth in auto demand and uncertainties surrounding the European economy, Hyundai plans to respond flexibly to global markets and create new opportunities by focusing on quality, strengthening the company’s core capabilities and eco-friendly technologies to achieve qualitative growth, rather than pursue excessive external growth.

As part of these efforts, Hyundai will enforce its various corporate social responsibility activities, embracing its neighbours and seeking mutual growth with suppliers and stakeholders.