Amorepacific Corporation announced on July 1 that its consolidated revenue for the second quarter reached 1.95 trillion won, an increase of 8.9% compared to the same period last year. During the same period, operating profit recorded a substantial increase of 555.5%, reaching 80.1 billion won.
Amorepacific Corporation, its main subsidiary, reported that its second-quarter revenue reached 1.05 trillion won, a rise of 1.1% compared to the previous year. Operating profit soared to 73.6 billion won, more than 17 times (1673.4%) higher than the previous year. The steady performance in the Korean cosmetics and daily beauty sectors, along with sustained high growth in Western markets and improved transaction structures in the Chinese market, contributed to this success.
In the Korean market, revenue increased by 8.2% and operating profit grew by 164% compared to the same period last year. In the luxury sector, sales of Sulwhasoo's Yunjo Essence and IOPE's Retinol performed well, while in the premium sector, products like "Mamonde Flora Glow Rose Liquid Mask" and "Hanyul Mugwort Cleansing Adhesive Pack Foam" received positive responses in e-commerce channels.
In overseas markets, revenue increased by 14.4% and operating profit surged by 611% compared to the same period last year. In the Americas, sales rose 10% based on the launch of new brands such as Aestura and Hanyul, and key products from major brands like Laneige and Innisfree experiencing high growth. In the Europe, Middle East, and Africa (EMEA) market, sales grew by 18% as Laneige and Innisfree brands showed strong sales across Europe.
The Greater China market also saw a 23% increase in revenue based on improvements in transaction structures. Operating profit recorded positive results for the second consecutive quarter. In other Asian markets, representative brands such as Laneige and Aestura grew, resulting in a 9% increase in revenue.
The major subsidiary Innisfree reported a revenue of 53.2 billion won, down 9% compared to the previous year, while operating profit increased by 2.3 billion won to 2.3 billion won. Etude's revenue grew by 10% to 28.8 billion won, and during the same period, operating profit jumped 196%, reaching 2.8 billion won. Amos Professional saw both revenue and operating profit increase by 9% and 14%, respectively, while Osulloc's revenue was tallied at 26.2 billion won, reflecting an 18% increase from the previous year.
This year, Amorepacific Corporation is pursuing a global rebalancing strategy. The plan involves strengthening distribution partnerships focused on regions of concentrated growth in overseas markets and trying various business models to secure global growth momentum.