APR Reports Record Q3 Earnings... "Cosmetics Devices Grow Together"

Global beauty tech company APR has achieved its highest-ever performance.

APR announced on the 14th that it recorded cumulative sales of 371.8 billion KRW and operating profit of 69.8 billion KRW in the third quarter of this year. Sales and operating profit increased by 37.9% and 277.6%, respectively, compared to the same period last year, setting a new record for the highest performance. Sales reached 93.5% of last year's total sales of 397.7 billion KRW, and operating profit surpassed last year's total operating profit of 39.2 billion KRW. The third quarter results also showed sales and operating profit of 121.9 billion KRW and 21.9 billion KRW, respectively, marking increases of 28.0% and 73.7% compared to the same period last year.

APR cited the beauty business, which grew by 37.2% compared to the same period last year, as the driving force behind its performance. In particular, the simultaneous growth of Mediheal cosmetics and the beauty device AGE-R stood out. AGE-R, which sold about 600,000 units last year, achieved sales of 750,000 units in just the third quarter this year, representing a 66.4% increase compared to the same period last year. In Mediheal cosmetics, sales of products that can create synergy with beauty devices increased, showing a 27.8% growth compared to the same period last year.

Overseas performance was also remarkable. Beauty devices led overall overseas sales, with third-quarter overseas sales increasing by 52.5% year-on-year to 56.1 billion KRW. APR recorded overseas sales of 82.6 billion KRW in the first half of this year and achieved 96.5% of last year's total overseas sales of 143.7 billion KRW in just the third quarter.

An APR official stated, “Starting from the third quarter of this year, there will be a significant shift in the performance landscape of the beauty industry. Having pursued diversification of the global market early on, APR will focus on strengthening corporate competitiveness going forward.”

Meanwhile, APR aims to be listed on the KOSPI market in the first half of next year. Kim Byung-hoon, CEO of APR, said, “Since the submission of the preliminary review application in September, the listing schedule has been accelerated, and we will do our best to ensure stable and systematic corporate management and respond to the listing schedule.”

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