Amorepacific Group Q3 Operating Profit Up 39%... "Aiming to Expand Overseas Share to 70%"

Operating Profit of Core Affiliate Amorepacific Surges 41%
Strong Sales and Operating Profit Growth in Both Domestic and Overseas Markets

Amorepacific Group announced on November 6 that both its sales revenue and operating profit increased, driven by the global expansion of its major brands such as Laneige, Aestura, Sulwhasoo, and Ryo.

Amorepacific Headquarters.

According to the Financial Supervisory Service’s electronic disclosure system on the same day, Amorepacific Group recorded sales revenue of 1.1082 trillion won, up 3.8% from the same period last year. Operating profit reached 104.3 billion won, a 39% increase year-on-year.

Amorepacific, the group's core affiliate that accounts for a large portion of total sales, posted sales revenue of 1.0169 trillion won and operating profit of 91.9 billion won, representing increases of 4% and 41%, respectively, over the same period last year. The third quarter operating profit surpassed the market estimate of 89.8 billion won.

By region, the domestic business segment achieved sales revenue of 556.6 billion won, up 4% year-on-year. Operating profit was 59.4 billion won, a 24% increase over the same period. The company strengthened its customer engagement through online channels, multi-brand shops (MBS), and department stores, which drove sales growth.

In the MBS channel, there was strong demand from foreign tourists for essence and mask products. Department stores attracted customers through Sulwhasoo experience services. Sales through duty-free and cross-border channels (a business model where the domestic headquarters directly collaborates with overseas distributors and retailers for local market entry) also increased significantly. During Amazon Prime Day in July, sales of Illiyoon and Mise-en-Sc?ne nearly doubled, which was a positive development. Among domestic businesses, Sulwhasoo accounted for the highest sales proportion at 28%, followed by Hera (15%), Aestura (7%), Mise-en-Sc?ne (7%), and Laneige (6%).

Overseas business sales revenue and operating profit were 440.8 billion won and 42.7 billion won, up 3% and 73% year-on-year, respectively. Laneige, focusing on lip and skincare categories, Aestura, which is accelerating its entry into the global derma market, and Ryo, which has strengthened its functional haircare products, all showed remarkable growth.

By market, Laneige continued its strong growth in the Americas. New brands such as Aestura and Hanyul expanded their offline presence in the United States and newly entered the Canadian market. COSRX saw increased sales on TikTok Shop as its new flagship product, the Peptide Collagen Hydrogel Eye Patch, went viral. In the EMEA (Europe and Middle East) market, Laneige and Innisfree maintained solid growth. Aestura leveraged its derma brand expertise to newly enter the UK market through Sephora.

The Greater China market returned to profitability through business structure and operational improvements. The haircare category, including the Ryo brand, also achieved strong sales. In other Asian markets (Japan, APAC, etc.), the company expanded brand-specific marketing activities and customer touchpoints.

Among the main subsidiaries of Amorepacific Holdings, Innisfree and Etude, which have been working on improving profitability, saw significant increases in profits. Innisfree recorded operating profit of 2.7 billion won, up 159% year-on-year, while Etude’s operating profit surged 145% to 2.4 billion won. Innisfree strengthened its product portfolio by launching the new Green Tea Ceramide Milk Essence, while Etude saw a sharp increase in sales of lip and face makeup products through the MBS channel. Osulloc posted sales revenue of 27.3 billion won and operating profit of 3.3 billion won, up 27% and 40%, respectively, over the same period. However, Espoir posted an operating loss of 900 million won, turning to a deficit.

Meanwhile, celebrating its 80th anniversary this year, Amorepacific Group has set “Create New Beauty” as its mid- to long-term vision slogan. The group aims to become one of the global top three in the premium skincare sector and achieve 70% of its sales from overseas markets. A representative from Amorepacific Group stated, “We plan to continue our leap forward as a global leading beauty & wellness company through upgrading our business portfolio, accelerating global growth, and innovating management based on AI.”

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