Tirebank Co., Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Tirebank Co., Ltd. - overview
Established
1991
Location
Sejong-si, -, South Korea
Primary Industry
Automobiles, Other Vehicles & Parts
About
Tirebank Co. , Ltd. , based in South Korea, operates as a specialized tire distribution company, offering a comprehensive range of tire products and services to automotive consumers and businesses alike. Founded in 1991 and headquartered in Sejong-si, South Korea, Tirebank Co.
, Ltd. specializes in tire distribution and services. The company has not undergone any major pivots in its business strategy, focusing consistently on meeting the tire needs of both individual consumers and commercial clients. Current leadership details about the CEO and the founder are not available, but the company has progressed steadily in its sector.
Tirebank Co. , Ltd. is a specialized tire distribution company that provides a broad array of tire products for both domestic and international markets. Their offerings include a diverse selection of tires from various reputable brands, catering to individual consumers and business clients such as automotive repair shops, dealerships, and commercial fleets.
The company also provides tire installation, maintenance, and replacement services aimed at ensuring optimal vehicle performance and safety. Tirebank's promotional events, including tire replacement campaigns and seasonal sales, are designed to foster customer engagement and encourage the adoption of efficient tire solutions, while they operate across diverse geographical regions to meet varying customer needs. Tirebank Co. , Ltd.
generates revenue through tire sales and related services, including installation and maintenance. The structure typically involves direct sales to consumers and collaborations with automotive service providers, allowing for flexible purchasing options. Customers benefit from promotional events and financing alternatives, which may include installment plans for larger purchases. The company's sales strategy encompasses both retail and wholesale channels, catering to individual consumers as well as bulk buyers, supporting its revenue growth through flagship services and promotional campaigns.
Tirebank Co. , Ltd. is focused on expanding its product line and market reach. The company intends to introduce new tire products designed with advanced technology, targeting a launch within the next year.
Plans are in place to expand into emerging markets in Southeast Asia by 2025, increasing its geographical footprint. Recent funding will be utilized to support these initiatives, particularly in product development and market entry strategies.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.tirebank.com/
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Tirebank Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 275,669,782,335 | 372,927,810,392 | 393,417,154,602 | 435,551,300,307 | 454,354,945,916 | 424,537,475,251 | 378,470,570,366 | - | - | - |
| % Revenue Growth (YoY) | - | 35.3% | 5.5% | 10.7% | 4.3% | (6.6%) | (10.9%) | - | - | - |
| EBITDA (USD) | 50,035,573,691 | 81,734,927,116 | 80,861,145,516 | 98,424,020,697 | 99,006,987,321 | 87,331,754,831 | 41,063,084,425 | - | - | - |
| Operating Income (USD) | 41,528,249,781 | 66,414,554,976 | 63,356,807,570 | 77,980,784,478 | 69,301,467,157 | 60,351,207,653 | 29,142,487,142 | - | - | - |
| Operating Margin | 15.1% | 17.8% | 16.1% | 17.9% | 15.3% | 14.2% | 7.7% | - | - | - |
| % EBITDA Margin | 18.2% | 21.9% | 20.6% | 22.6% | 21.8% | 20.6% | 10.8% | - | - | - |
| NET Income (USD) | 32,152,046,930 | 27,256,171,045 | 46,698,252,757 | 63,243,373,590 | 57,238,572,525 | 56,001,690,493 | 30,027,836,214 | - | - | - |
| % Net Margin | 11.7% | 7.3% | 11.9% | 14.5% | 12.6% | 13.2% | 7.9% | - | - | - |
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.