Doosan Bobcat's Q3 Operating Profit Up 6%... Performance Improves on North American Demand Recovery

Revenue Up 19%, Net Profit Up 27%
Growth in Compact Equipment and Portable Power Segments

Doosan Bobcat, a small construction machinery company, reported improved results for the third quarter of this year, supported by a base effect and recovering demand in key markets.

On October 30, Doosan Bobcat announced in a regulatory filing that its consolidated operating profit for the third quarter of this year was provisionally estimated at 13.36 billion won, a 6.3% increase compared to the same period last year. Revenue rose 19% to 2.1152 trillion won, while net profit grew 27% to 81.9 billion won.

The company identified recovering demand in the North American and European markets, as well as last year's base effect, as the main drivers of improved performance. In particular, North American sales, measured in US dollars, increased 17% year-on-year, leading overall growth. The Europe, Middle East, and Africa region also posted a 16% increase, continuing its recovery trend. In contrast, the Asia, Latin America, and Oceania region saw a 9% decline due to weakening demand.

Sales in the core compact equipment segment rose 20% due to the base effect, while the portable power segment increased by 16%. The industrial vehicle segment decreased by 9%. Doosan Bobcat also explained that, as of the end of the third quarter, net cash increased by approximately 141 million US dollars compared to the end of last year.

Meanwhile, on this day, Doosan Bobcat decided to pay a third-quarter dividend of 400 won per share. To enhance investment stability, Doosan Bobcat, which previously paid dividends twice a year, has been distributing dividends quarterly starting this year.

This content was produced with the assistance of AI translation services.