Amorepacific said on the 29th that its first-quarter results came to 1.1358 trillion won in revenue and 126.7 billion won in operating profit. Compared with a year earlier, revenue rose 6.4% and operating profit increased 7.6%.
In Korea, revenue grew 9% and operating profit jumped 65%. Profitability improved significantly as sales increased across major brands and channels. Sulwhasoo achieved sales growth across all online and offline channels on the back of luxury gift demand for the Lunar New Year holiday. Hera posted double-digit sales growth rates in MBS and online channels, backed by competitiveness in cushion and lip categories.
AESTURA set a new record for customer sales at Olive Young. Laneige posted strong growth centered on the MBS channel thanks to robust new product sales. Mise-en-scène entered new markets through TikTok Shop operations and also showed a sales upswing in cross-border channels.
Overseas, revenue increased 6% but operating profit fell 18%. Sales posted double-digit growth in the West, Japan, and APAC markets, but the decline was due to expanded marketing investments to spread new brands.
In North America, COSRX sustained its growth trend on strong sales of flagship products, and AESTURA continued high growth by broadening its product portfolio. Innisfree, which strengthened its sun care lineup, and high-efficacy skincare brand IOPE, newly placed at Sephora North America, also delivered results.
In EMEA, COSRX posted a high sales growth rate in key U.K. channels. AESTURA also expanded its sales base by entering new countries, and Innisfree's expanded sales of its Green Tea line contributed to growth. In Japan and APAC core countries such as Indonesia, Vietnam, and India, Laneige and the derma beauty brands AESTURA, COSRX, and Illiyoon continued strong growth.
However, in Greater China, revenue declined due to streamlining of offline channels. Amorepacific will maintain a profitability-focused business stance in the region.
Meanwhile, holding company Amorepacific Holdings posted first-quarter revenue of 1.2227 trillion won and operating profit of 137.8 billion won. Compared with a year earlier, revenue rose 5% and operating profit increased 6.9%.
Beauty brands including Innisfree, ETUDE, espoir, and Amos Professional saw declines in revenue and operating profit due to the restructuring of offline channels. Osulloc further strengthened its position as a luxury tea brand and expanded its lineup of products reflecting the latest dessert trends, driving sales and profit improvement among other affiliates.