Hugel Posts Record First-Quarter Sales of 116.6 Billion Won and Operating Profit of 47.6 Billion Won

Hugel announced on May 7 that, on a consolidated basis, it recorded sales of 116.6 billion won, operating profit of 47.6 billion won, and net profit of 40.6 billion won in the first quarter of this year. These figures represent increases of 29.9%, 22.3%, and 31.5%, respectively, compared to the same period last year, marking the highest first-quarter results in the company's history.

The main driver of this growth was Hugel's overseas business. Combined overseas sales of Hugel's flagship products—botulinum toxin and fillers—reached 70.8 billion won, up 46% year-on-year. In the four major markets of the United States, China, Europe, and Brazil alone, sales increased by approximately 21 billion won.

By product, sales of botulinum toxin reached 65.4 billion won, a 60.6% increase over the same period last year. With expanded shipments to the United States and Brazil, sales in North and South America surged by more than 420%, and steady growth was seen across all other regions, including Asia-Pacific and Europe, resulting in overseas sales more than doubling compared to the previous year.

Sales of fillers and skin boosters amounted to 32.1 billion won. The segment recorded a growth rate of around 10% in Europe and other regions, marking three consecutive quarters of growth.

Domestic sales of combined toxin and filler products stood at 26.7 billion won. The company attributed this performance to the expansion of academic seminars for medical professionals and a focus on medical marketing activities.

Sales in the cosmetics and other segments reached 19.2 billion won, up 30.6% year-on-year. Accounting for about 16% of total sales, this segment is now considered a key business area underpinning Hugel's future growth.

Hugel's Global CEO, Carrie Strom, stated, "We will continue to strengthen our presence in the global market and maintain firm growth momentum." Hugel Korea CEO, Jang Doohyun, added, "We will aggressively pursue stronger marketing both domestically and internationally, as well as diversify our portfolio to achieve remarkable results going forward."

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