Seoyon E-hwa expands overseas plants ... Expected to achieve 2 trillion won in sales this year (Shinyoung Securities)
Seoyon E-hwa expands overseas plants ... Expected to achieve 2 trillion won in sales this year (Shinyoung Securities)
  • 이동훈 기자
  • 승인 2021.06.09 10:07
  • 최종수정 2021.06.09 10:05
  • 댓글 0
이 기사를 공유합니다

 

Shinyoung Securities presented its investment opinion 'buy' on Seoyon E-hwa on the 9th.

Seoyon E-hwa is a manufacturer specializing in auto parts and supplies a significant portion of its production parts to Hyundai Motor and Kia Motors.

It also supplies parts to global car makers such as Mercedes-Benz and Volkswagen through overseas subsidiaries Sales of Seoyon E-hwa reached 523.8 billion won in the first quarter, up 17.02 percent (76.2 billion won) from a year earlier. Operating profit in the first quarter was 17.2 billion won, which turned into a surplus.

Seoyon E-hwa has led maximum first-quarter sales since the first quarter of 2017 due to increased production at its plants in the U.S. and India and improved performance stemming from high-end built-in trends following the introduction of new cars from Hyundai and Kia.

"Seoyon E-hwa's performance is also positive in Europe, which has recorded the highest sales ever since the first quarter of 2015, along with the growth of North America," said Shinyoung Securities "This year, we can expect to achieve 2 trillion won in consolidated sales.".

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com 
 


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.