Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Kia Motors Corporation    000270   KR7000270009

News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Kia Motors : records best-ever Q3 European Sales

share with twitter share with LinkedIn share with facebook
share via e-mail
10/24/2016 | 01:59pm CEST

Release date- 21102016 - Kia Motors has recorded its best-ever Q3 sales in Europe, according to data released today by the European Automobile Manufacturers' Association (ACEA).*

To the end of September, Kia's European sales have grown to 337,595 units (EU and EFTA region). This represents sales growth of +14.4% compared to the same nine-month period in 2015, during which Kia registered 295,140 vehicles. The Korean brand's double-digit growth is outpacing the rest of the European market, which has expanded by 7.7% year-on-year in 2016.

Sales growth this year has raised Kia's market share to 2.9%, up from 2.7% in 2015.

Michael Cole, Chief Operating Officer of Kia Motors Europe, commented: 'In 2016 we have taken Kia into new market segments while strengthening our position in others. Each new model is contributing to increased sales and growing our share of the European market. We revised our annual sales growth forecast earlier this year from nine to 12 per cent for the full year, and Kia remains on course to achieve a three per cent market share in the medium term.'

Sales of the new Sportage are stronger than ever, with 110,358 sold so far this year across Europe (+35.7% year-on-year). The Sportage has proved so successful that sales so far this year have already exceeded those of the whole of 2015, the model's best year for sales yet, when Kia sold 105,317 units across Europe.

In addition to the Sportage, Kia's latest new model - the Niro hybrid crossover - is proving an early sales success. Since Niro customer deliveries began in the summer, nearly 5,000 vehicles have been delivered to European buyers up to mid-October. Orders have been placed for an additional 15,000 vehicles, due to be delivered to customers by the end of this year. The Niro offers buyers the practicality and curbside appeal of a spacious crossover, together with the high fuel efficiency of an advanced hybrid powertrain and CO2 emissions as low as 88 g/km.

The Kia Optima range was expanded this summer with new Sportswagon, Plug-in Hybrid and high-performance GT derivatives, with the new models contributing to a 180.5% year-on-year sales increase compared to Optima sales in the same period in 2015. 6,193 units have been sold so far in 2016, with the new Sportswagon accounting for almost two-thirds (63.9%) of all Optima sales in September, the first full month the derivative has been on sale. The new additions to the Optima range are expanding Kia's sales in the D-segment, particularly to corporate buyers.

(c) 2016 Electronic News Publishing -, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
01:59p KIA MOTORS : records best-ever Q3 European Sales
10/19 Hyundai Capital receives EU approval to establish automotive captive bank in ..
10/18 Hyundai to make China-only vehicles, green cars to battle local brands
10/16 KIA MOTORS : global brand value grows 12% to $6.3b
10/12 KIA MOTORS : reveals new eight-speed automatic transmission
10/10 KIA MOTORS : Posts 3.5 per cent rise in global sales in september
10/10 KIA MOTORS : JIS Organise Annual Football Funday
10/09 KIA MOTORS : upgraded Cerato promises ‘pleasing drive’
10/05 HYUNDAI MOTOR : Carmakers grapple with falling consumption
10/04 Yudala Zero Gravity Kicks Off with Mega Concert
More news
Sector news : Auto & Truck Manufacturers - NEC
07:06pDJTata Sons Unexpectedly Removes Mistry as Chairman
05:34p VOLKSWAGEN : EU official urges VW to do more for European customers affected by ..
05:55aDJAsian Shares Down; Japan Stocks Take Hit From Weak Trade Data
10/23 GENERAL MOTORS : GM to add SUV production line at China JV in 2017 - Xinhua
10/22DJDAIMLER : China Powers Daimler Profit -- WSJ
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
10/02 EV Company News For The Month Of September 2016
08/29 EV Company News For The Month Of August 2016
08/05 WALL STREET BREAKFAST : All Eyes On The Jobs Report
08/05 Feds expand probe of ARC Automotive inflators
08/03 July Auto Sales Tracker - 3 Misses To Start
Financials ( KRW)
Sales 2016 52 644 B
EBIT 2016 2 605 B
Net income 2016 3 025 B
Finance 2016 706 B
Yield 2016 2,95%
P/E ratio 2016 5,54
P/E ratio 2017 5,35
EV / Sales 2016 0,30x
EV / Sales 2017 0,27x
Capitalization 16 640 165 M
More Financials
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 53 310  KRW
Spread / Average Target 30%
Consensus details
EPS Revisions
More Estimates Revisions
Hyoung-Keun Lee Vice Chairman & Co-Chief Executive Officer
Han-Woo Park President, Co-Chief Executive Officer & Director
Chun-Soo Han Chief Financial Officer, Director & Executive VP
Ki-Tak Sung Executive Board Member & Head-Research
Eui-Sun Chung Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORP-19.51%191 950
DAIMLER AG-16.71%75 243
VOLKSWAGEN AG-7.85%70 666
HONDA MOTOR CO LTD-19.37%54 019
More Results