AmorePacific Group said on the 30th that its second-quarter consolidated sales rose 14.6% from a year earlier to 1.2543 trillion won. Operating profit increased 53.3% to 122.8 billion won.
Its flagship affiliate, AmorePacific, posted an earnings surprise as sales climbed 17% and operating profit jumped 59% year-over-year, leading the improvement in group-wide results.
In the domestic market, both online channels and multi-brand shops (MBS) recorded double-digit growth. By brand, Sulwhasoo, Hera and Aestura all showed growth. Overseas, the business achieved results in the Americas and the Europe, Middle East and Africa (EMEA) markets, while the Japan and Asia-Pacific (APAC) markets also showed solid growth. Sales increased across the ASEAN, India and Australia markets. In contrast, sales in Greater China declined due to channel efficiency measures.
AmorePacific Group has set "Create New Beauty" as its mid- to long-term vision and is pursuing five strategic tasks: focused development of key global markets, strengthening of integrated beauty solutions, biotechnology-based anti-aging research and development, agile organizational innovation, and AI-based work transformation.
