*This content was translated by AI.
According to the Q1 report for the 24th fiscal period, which Deutsche Motors publicly disclosed on the 15th, consolidated revenue for the first quarter of this year reached 6.3742 trillion won, while operating profit amounted to 104.97 billion won. This represents a 10.2% increase compared to revenue of 5.78421 trillion won in the same period last year, and operating profit rose 32.2% from 7.938 billion won in the prior-year quarter. Net profit for the quarter was 5.4 billion won, sustaining profitable operations. The operating profit margin stood at approximately 1.65%, a relatively stable level considering the import car distribution industry typically shows low profit margins around 1%, and it also demonstrated higher efficiency compared to BMW Korea's 1.0%.
New car sales accounted for 350.8 billion won, representing the largest share at 68.2% of total revenue, driving overall performance. During the first quarter, BMW sold 5,423 units and MINI sold 1,245 units, maintaining a solid market share within the import car sector. The used car trading segment contributed 84.5 billion won (16.4%), while the after-sales service (AS) segment accounted for 48.9 billion won (9.5%). Notably, the AS segment recorded a high margin rate of 9.5%, playing a key role in offsetting the low profitability of the new car sales division. The online used car platform "CharanCha" contributed approximately 1.4% to revenue.
In terms of financial status, total assets amounted to 1.8519 trillion won, comprising current assets of 1.1029 trillion won and non-current assets of 749 billion won. Total liabilities stood at 1.4606 trillion won, and total equity was confirmed at 391.2 billion won. Deutsche Motors has established a vertically integrated structure covering the entire automotive lifecycle, operating not only as an official dealer for BMW and MINI but also through its subsidiary Deutsche Financial for automotive financing, the CharanCha platform, and Deutsche Auto World, the world's largest integrated automobile trading complex.
This performance reflects the result of combining after-sales services, used car sales, and financial services beyond new car sales for a dealership. Although new car sales still hold a high share, analysts note that as the revenue-generating segments gradually expand, the company will be better positioned to respond to volatility in the new car market. Particularly, with BMW's high recognition in the import car market and the solidification of Deutsche Motors' differentiated business model, it is being recognized as a precedent for efficient management within the industry.
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*This content was translated by AI.
