THE WHAT? AmorePacific Group has released its results for fiscal 2021. The K-beauty giant saw revenue rise 8 percent to KRW5.3 trillion, while operating profit soared 136.4 percent to KRW356.2 billion.
THE DETAILS The group’s eponymous major subsidiary, AmorePacific reported a 9.7 percent revenue uptick to KRW4.86 trillion, while operating profit grew 140.1 percent to KRW343.4 billion.
Domestic sales accounted for the lion’s share of sales once again at 63.2 percent, a rise of 9.7 percent yoy. Overseas sales inched up a respectable 3.3 percent. Both the e-commerce and travel retail channels performed well, with the former growing around 40 percent and the latter now accounting for 37 percent of total revenue.
THE WHY? AmorePacific attributed the growth in operating profit to an improvement in brand and channel mix as well as improved profit structure of traditional channels.
Aesthetic injectable companies refer to businesses or companies that specialize in manufacturing, distributing, or providing aesthetic injectable products and services. These companies focus on developing and supplying injectable substances used for cosmetic purposes, typically administered by qualified medical professionals. Aesthetic injectable companies play a crucial role in the field of aesthetic medicine and cosmetic dermatology by offering a variety of injectable products designed to enhance facial features, reduce wrinkles, and improve overall skin appearance.
Key aspects of aesthetic injectable companies include:
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Product Development: These companies research, develop, and manufacture aesthetic injectables such as dermal fillers, botulinum toxins (e.g., Botox), collagen stimulators, and other specialized formulations. They often innovate new products to meet evolving market demands and technological advancements.
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Distribution and Sales: Aesthetic injectable companies distribute their products through authorized channels, including healthcare providers, medical spas, and aesthetic clinics. They may also sell directly to licensed professionals who administer these treatments.
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Regulatory Compliance: Due to the medical nature of their products, aesthetic injectable companies adhere to strict regulatory guidelines and obtain necessary approvals from health authorities (e.g., FDA in the United States) to ensure safety, efficacy, and quality standards.
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Training and Support: Many companies provide training and educational support to healthcare professionals on the proper use, administration techniques, and safety protocols associated with their injectable products. This ensures that practitioners can deliver treatments effectively and safely.
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Customer Support: Aesthetic injectable companies offer customer support services to healthcare providers and consumers, addressing inquiries, providing product information, and assisting with product usage and troubleshooting.
