Hyundai Motor lifts third-quarter operating profit 5.5% and beats forecasts
Hyundai Motor's operating profit rose 5.5% in July-September, above the LSEG SmartEstimate forecast, helped by favourable exchange rates.
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what happened
Hyundai Motor said on Thursday that its third-quarter operating profit rose 5.5%. Favourable currency rates offset the hit from partial strikes and weaker sales of older models. Together with affiliate Kia Corp, Hyundai forms the world's third-largest automaking group by sales.
For the July-September period, operating profit came to 2.7 trillion won ($2.01 billion), up from 2.5 trillion won a year earlier. The LSEG SmartEstimate, which gives more weight to analysts with a consistently strong accuracy record, had pointed to 2.4 trillion won. At publication, $1 was worth 1,341.75 won.
why it matters
The result beating expectations matters for South Korea's auto sector and for Hyundai and Kia shares. Currency effects played a notable role in the numbers, so the dollar-won rate also shapes how the report is read.
market impact
Hyundai and Kia shares: profit above forecast supports the stocks
- Hyundai Motor shares pressure up — operating profit beat the consensus forecast
tags
instruments
sources
- Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts — Reuters, 29 October 2026 at 04:35 UTC
- Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts — Reuters, 29 October 2026 at 04:55 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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