During the January to March interval, Kia offered 689,990 models throughout world markets, a 6.4 per cent enhance in comparison with the identical interval final yr.
Kia reported a 13.8 per cent year-on-year rise in quarterly income to KRW 16.58 trillion. Despite unfavorable change charges, the corporate’s improved product combine and robust efficiency of key fashions resembling Telluride and Seltos SUVs contributed to larger income.
During the January to March interval, Kia offered 689,990 models throughout world markets, a 6.4 per cent enhance in comparison with the identical interval final yr. Sales in Korea rose 11.4 per cent to 130,075 models, with sturdy gross sales of the corporate’s new fashions, together with the brand new Sorento SUV, and Carnival minivan, behind the rise.
Sales outdoors of Korea additionally noticed a 5.3 per cent enhance to 559,915 models, with recoveries of demand in world markets, alongside vital progress in India. The Sonet SUV alone offered over 25,000 models in India throughout the first three months, contributing to a 38.3 per cent year-on-year enhance of Indian gross sales.
The firm’s first-quarter working revenue greater than doubled from a yr earlier to KRW 1.08 trillion, with an working revenue margin of 6.5 per cent. The firm’s web revenue additionally soared to KRW 1.04 trillion, up 289.2 per cent throughout the identical interval.
The sturdy efficiency was supported by Kia’s enhanced world product combine in addition to the continuing success of the model’s high-margin RV fashions, together with Telluride, Seltos, and Sorento SUVs and the Carnival minivan. Sales of Kia’s RV fashions accounted for 59.7 per cent of the full gross sales quantity, the best ever RV share and a 6.4 proportion factors enhance from the identical interval final yr.
For 2021, Kia is concentrating on world gross sales of two.92 million models, a 12.1 per cent enhance in comparison with 2020 world gross sales volumes. The firm is concentrating on home gross sales of 535,000 models and a pair of.39 million models for gross sales outdoors of Korea.
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