Overview
- HD Korea Shipbuilding reported record first‑quarter results with net profit of 1.14 trillion won, operating profit of 1.36 trillion won, and sales of 8.14 trillion won.
- The results beat the FnGuide consensus by 14.8% as buyers shifted to higher‑priced, lower‑emission ships that improve margins.
- The company booked $6.39 billion in orders for 60 vessels in the quarter and is targeting $17.03 billion in orders for the full year.
- HD‑Hyundai Marine Engine posted standout gains with revenue up 60.8% and operating profit up 216.5% on higher engine prices, more deliveries, and stronger demand for dual‑fuel units.
- Management plans to prioritize high value‑added ships and sees LNG carrier demand rising, while warning that Middle East tensions could delay some energy‑related investment.