Doosan Bobcat has reported continued growth across its major business segments in the first quarter of 2026, with revenue up 6.2% year-on-year to USD1.534 billion.
Operating profit rose 2.6% to USD141 million, with an operating margin of 9.2%. Net profit increased 15.0% year-on-year to USD90 million, supported by reduced financial expenses.
Revenue improved across all regions year-on-year. Europe, Middle East and Africa (EMEA) led the way with 18% growth, driven by a recovery in demand for compact equipment. North America posted 3% growth, reflecting a rebound in forklift sales, while Asia, Latin America and Oceania (ALAO) increased 4% on stronger compact equipment sales in Latin America, China and India.
By product category, compact equipment revenue rose 7% year-on-year, supported by performance in EMEA. Material handling grew by 4% on the back of increased sales in North America. Portable power declined by 18%, primarily due to shipment delays to key customers, but is expected to recover later this year.
Entering the second year of its corporate value enhancement plan, Doosan Bobcat is continuing its policy of maintaining a minimum annual dividend of KRW1,600 and distributing dividends quarterly. In line with this plan, the board of directors approved a first-quarter dividend of KRW400 per share on the same day as the results announcement.
Image: Doosan Bobcat
