Ostem Implant Reports 1Q Operating Profit of 72.2 Billion KRW, Up 41% Year-on-Year

Osstem Implant announced on the 4th that its consolidated operating profit for the first quarter of this year was preliminarily estimated at 72.223 billion KRW. This represents a 41.2% increase compared to the same period last year.

During the same period, sales increased by 22.1% year-on-year to 285.9 billion KRW.

Osstem Implant stated that the results for the first quarter of this year were driven mainly by emerging overseas markets. Countries such as Turkey and India, where implant demand is rapidly increasing, are representative examples. The company has proactively established and operated educational infrastructure targeting local dentists in these emerging countries. Growth was also observed in Russia, one of the key markets. Although concerns arose about business contraction due to the prolonged war between Russia and Ukraine, the company explained that flexible management of education and sales networks during the emergency situation helped increase trust among local dentists.

The core market of the United States also showed a favorable trend. Sales increased as the recognition of the premium implant brand 'Hiossen' steadily rose, and sales efforts targeting network dental offices (DSOs), which hold a significant share in the local market, were strengthened. In China, although the implementation of the government-led volume-based procurement (VBP) policy temporarily reduced profit size, the external growth trend remained solid.

Domestic sales also recorded double-digit growth compared to the same period last year. This was influenced by company-wide strengthened sales support in response to the deteriorating business environment.

An Osstem Implant official said, "Although the internal and external business environment is rapidly changing, the dental industry, including implants, is growing relatively steadily, and the continued weakness of the Korean won has had the effect of expanding profits in the overseas sector. Since the domestic and international economic conditions are still unfavorable and there are many variables, we will not be complacent with the first quarter’s results but will focus on strengthening research and development (R&D) and educational capabilities to build a stable growth foundation."

This content was produced with the assistance of AI translation services.