HYMTF - Hyundai Motor Company (HYMTF) Q4 2023 Earnings Call Transcript
2024-01-25 12:14:04 ET
Hyundai Motor Company (HYMTF)
Q4 2023 Results Conference Call
January 25, 2024 12:10 AM ET
Company Participants
Michael Yun - Head, Investor Relations
Conference Call Participants
Kyung Jae Hwang - Merrill Lynch Securities
Eun Young Yim - Samsung Securities
Akimi Matsuda - PIMCO Japan Ltd
Presentation
Operator
Good afternoon. I'd like to thank all the attendants today. Welcome to Q4 2023 HMC Earnings Call. You can download the presentation material at dart.fss.org.kr or www.hyundai.com on the IR status menu.
For today's conference call, we have [indiscernible], SVP of Planning and Finance Division; [indiscernible], SVP of IR Group; SVP of Hyundai Capital, [indiscernible]; and Head of IR Team, Taesik Yun. For today's conference call, HMC will announce its results followed by a Q&A session. [Operator Instructions]
I will now turn it over to Michael Yun, Head of Investor Relations team.
Michael Yun
Good afternoon. I am Michael Yun, Head of IR team. Welcome, everyone, to HMC's 2023 Q4 Earnings Call. On behalf of Hyundai Motor Company, I appreciate your time for participating, and please refer to the presentation HMC 2023 Q4 Business Results on our IR website. For today's presentation, we have sales and financial summary.
And for specific sales by region and statement of cash flows, please refer to the Appendix page. First is our sales summary. Our 2023 Q4 global wholesale increased by 4.9% year-over-year to 1,089,862 units, while retail sales increased by 6% year-over-year to 1,084,555 units. In Q4, our wholesales increased due to strong sales in advanced markets such as North America and Europe. In our Korea market, sales increased by 3.4% year-over-year due to SUV sales expansion with the launch of the new Santa Fe in August last year and strong sales of eco-friendly vehicles, thanks to the new hybrid models introduction....
Hyundai Motor Company (HYMTF) Q4 2023 Earnings Call Transcript