Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Tire
    • Airless Tires
    • Non-Tire
    • More News
    • Suppliers
    • Silicone
    • Latex
    • Technical Notebooks
    • Opinion
    • Online Exclusive
    • Special Reports
    • Automotive
    • Executive Action
    • Government/Legal
    • Sustainability
    • Blogs
      • Products
      • Wacky World of Rubber
    • Best Places to Work
    • War in Ukraine
    • Rubber Division IEC
    • ITEC
    • Women Breaking the Mold
  • PFAS
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • PFAS Live
    • Ask the Expert
    • International Tire Exhibition & Conference (ITEC)
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
February 02, 2015 01:00 AM

Hankook's sales fall slightly

Tire Business Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    SEOUL, South Korea—Hankook Tire Co. Ltd.'s fiscal 2014 operating earnings were essentially unchanged from 2013 as sales fell 5.5 percent.

    The firm did not disclose net income at this time.

    Hankook said it was able to match fiscal 2013's operating earnings ratio despite what it said were diverse market conditions caused by the global economic recession.

    Operating profit stood pat at $981.5 million on sales of $6.36 billion, yielding an operating ratio of 15.4 percent, nearly a full point higher than last year.

    While sales revenue overall was down, Hankook said increased sales of ultra-high-performance and premium original equipment tires contributed to the financial results.

    UHP tire revenue grew 6.8 percent, Hankook said, to account for approximately 30 percent of the firm's global sales. Sales of run-flat tires and racing tires jumped 10.8 percent.

    Hankook Vice Chairman and CEO Seung Hwa Suh said, “Our strong performance in 2014 will serve as the foundation for Hankook Tire's plans to grow and expand its impact on the global tire market.

    Related Articles
    Hankook continues support for German safety program
    Hankook appoints Marsh as U.K. retail development manager
    Hankook selects head of European marketing and sales
    Record sales, earnings for Yokohama
    Hankook wins iF design award
    Hankook reports earnings decline
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Breaking molds, inspiring an entire industry | Women Breaking the Mold 2023
    2
    Banu Bilgin, Prometeon Tyre Group | Women Breaking the Mold 2023
    3
    Camille Duvalle, ExxonMobil Product Solutions Co. | Women Breaking the Mold 2023
    4
    Diya Garware Ibanez, Fulflex | Women Breaking the Mold 2023
    5
    3 key issues the UAW is fighting for in Detroit 3 contracts
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Tire
      • Airless Tires
      • Non-Tire
      • More News
        • Automotive
        • Executive Action
        • Government/Legal
        • Sustainability
        • Blogs
          • Products
          • Wacky World of Rubber
      • Suppliers
      • Silicone
      • Latex
      • Technical Notebooks
      • Opinion
      • Online Exclusive
      • Special Reports
        • Best Places to Work
        • War in Ukraine
        • Rubber Division IEC
        • ITEC
        • Women Breaking the Mold
    • PFAS
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • International Tire Exhibition & Conference (ITEC)
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • PFAS Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION