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Hyundai Motor Company Q4 2023 results

HMC’s operating margin dropped below its year-ago level in Q4 2023, the first such decline since Q3 2022, mainly due to adverse exchange rates. The Q4 results came in below consensus expectations. However, the buoyant profits earlier in the year helped keep the full-year margin comfortably ahead of the 2022 result. The company expects slower growth in the year ahead.

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