HD Hyundai Marine Solutions announced that its consolidated operating profit for the third quarter reached 95.7 billion won, a 2.2% increase compared to the same period last year. Revenue for the same period rose to 650.1 billion won, marking a 26.7% increase year-on-year.
Breaking down the business segments, the sales from the AM division related to ship parts and services, as well as the eco-friendly and digital solutions sector, grew by 18.4% year-on-year, achieving 356.5 billion won. The bunkering business also saw a significant increase, with sales rising 38.5% to 293.6 billion won compared to the previous year.
Notably, the AM division's revenue increased by 15.7% year-on-year to 282.7 billion won, driven by sustained demand for maintenance and repair of ships and facilities. This marks the seventh consecutive quarter of record sales, bolstered by contracts for land-based power generation maintenance in Ecuador.
The eco-friendly solutions segment recorded sales of 39.3 billion won, a 17.3% increase year-on-year, fueled by rising demand for eco-friendly vessels. HD Hyundai Marine Solutions aims to actively respond to the growing demand for gas fuel conversion driven by energy diversification, while expanding its orders for carbon reduction solutions.
The digital solutions segment also continued its growth trajectory. With an increase in new ship orders, the revenue from digital solutions installed on vessels surged by 48.1% year-on-year to 34.5 billion won.
An official from HD Hyundai Marine Solutions stated, "Despite the uncertain external environment, our core businesses have shown balanced growth, establishing a more stable business foundation. With the acquisition of Golten's, we expect to enhance the competitiveness of our core AM division and further expand our presence in the global market."
* This article has been translated by AI.
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