Exterior view of Amorepacific headquarters. [Photo=Amorepacific]
Amorepacific Group said it posted solid first-quarter results, helped by momentum in its derma beauty brands and a broader mix of global channels including North America and Japan.
The company said consolidated first-quarter revenue rose 5.0% from a year earlier to 1.2227 trillion won, while operating profit increased 6.9% to 137.8 billion won.
Flagship affiliate Amorepacific also reported gains, with revenue up 6.4% and operating profit up 7.6%, supporting the group’s overall improvement.
In South Korea, revenue climbed 9% to 626.4 billion won and operating profit surged 65% to 81.5 billion won, the company said, citing a sharp improvement in profitability.
Sulwhasoo posted higher sales across both online and offline channels on the back of Lunar New Year gift demand. Hera logged double-digit growth in multibrand stores and online channels, led by its cushion and lip categories.
Aestura recorded its highest-ever sales at Olive Young, reinforcing its position as the top derma brand in the domestic market. Mise-en-scene entered cross-border channels through TikTok Shop, opening a new sales route.
Overseas revenue rose 6% to 497.1 billion won. The company said it achieved double-digit sales growth in Western markets, Japan and the Asia-Pacific region, but operating profit fell 18% to 56.7 billion won due to aggressive marketing investment to expand newer brands globally.
In Greater China, where efficiency measures are underway, revenue declined as offline channels were scaled back, though the company said it maintained a focus on protecting profitability.
The group highlighted Aestura, Cosrx and Laneige as key performers abroad. In North America, Cosrx returned to sales growth on expanded sales of its RX line and PDRN line and strong Amazon promotions. Aestura posted triple-digit growth led by its A-Cica line, and IOPE entered Sephora in North America as it stepped up efforts in premium, high-performance skin care.
Aestura also expanded into 17 European countries, while Cosrx posted strong growth in major U.K. channels. Premium brand Laneige strengthened its presence in Japan and other major Asian markets with new products including the Neo Cushion and the Juice Pop Box lip tint.
Osulloc said it improved sales and profitability by reinforcing its position as a luxury tea brand and expanding product offerings that reflect current dessert trends.
By contrast, other beauty subsidiaries — including Innisfree, Etude, Espoir and Amos Professional — saw results slip somewhat amid offline channel restructuring, the company said.
An Amorepacific Group official said the company will focus companywide capabilities on delivering its mid- to long-term vision, “Create New Beauty.”
To execute that vision, the group said it will accelerate five core strategic initiatives: 집중 육성 of key global markets, strengthening integrated beauty solutions, developing anti-aging offerings based on biotechnology, agile organizational innovation, and an AI-based shift in work processes.
* This article has been translated by AI.
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