HD Hyundai Electric Q3 operating profit up 15.1% to 284.5 billion won

HD Hyundai Electric reported Q3 revenue of 1.1799 trillion won (+18.5% YoY) and operating profit of 284.5 billion won (+15.1%), a 24.1% margin. It will invest 198 billion won over 26 months to expand distribution equipment production in Cheongju, citing demand from AI data centers.

• Revenue 1.1799 trillion won, operating profit 284.5 billion won, margin 24.1%
• Distribution equipment segment revenue jumped 85.8% year over year
• Order backlog reached $8.843 billion, up 4.2% from the prior quarter
• 198 billion won investment to add up to 250 billion won in annual revenue