HD Hyundai's construction equipment subsidiary, HD Hyundai Construction Equipment, reported on the 28th that it recorded sales of 906.8 billion won and an operating profit of 41.7 billion won in the first quarter of this year. This marks a decrease of 7.4% and 22.3%, respectively, compared to the same period last year.
Sales increased in emerging markets such as India, Brazil, and China, but recovery in demand was delayed in North America and Europe. Sales in India and Brazil grew by 11% and 8%, respectively, compared to the same period last year, driven by government-led public infrastructure investment. Sales in the Chinese market increased by 33%, coinciding with economic stimulus policies and the equipment replacement cycle.
In advanced markets, uncertainty has increased due to the impact of U.S. tariffs and interest rates, leading to a decrease in new product sales compared to the same period last year.