Able C&C's Operating Profit in Q3 This Year Doubles Compared to Last Year

Surplus for Three Consecutive Quarters This Year
Sales of 65.3 Billion KRW...Double-Digit Growth
Strong Performance Both Online and Offline Domestically and Internationally

Able C&C continues to make significant progress this year by achieving balanced growth across both overseas and domestic online and offline channels in the third quarter.

[Provided by Able C&C]

According to the Financial Supervisory Service's electronic disclosure system on the 14th, Able C&C recorded an operating profit of 1.3 billion KRW on a consolidated basis in the third quarter of this year. This is more than double the 600 million KRW recorded in the same period last year. During the same period, consolidated sales reached 65.3 billion KRW, and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was 4.1 billion KRW, increasing by 11.4% and 35.1% respectively, marking three consecutive quarters of profit this year and continuing double-digit sales growth.

An Able C&C representative explained, “Despite investing more than 2.6 times in advertising expenses compared to the same period last year by launching large-scale global marketing campaigns for our brand Missha, we maintained profitability and saw profit growth. Aggressive investment has led to an increase in our brand asset value and sales growth.”

According to Able C&C, overseas channels, which accounted for 57% of total sales as of the third quarter this year, continue to drive performance with sustained growth. In particular, sales in Europe, once considered a barren land for K-beauty, grew by 131.1% year-on-year on a cumulative basis for the third quarter.

Domestic offline channels saw sales increase by about 10% through steady strengthening of store competitiveness via membership expansion and store renovations. The same-store sales (SSS) growth rate, a key indicator of offline store performance, sharply rose by an average of 18.1%.

In the online channel, the company’s official online mall, ‘Able Shop,’ based on six major brands, accounts for about 28% of total online sales just one year and three months after its launch, contributing to the acquisition of new and loyal customers.

Able C&C expects the clear recovery trend in the domestic cosmetics market, driven by a significant increase in foreign tourists from Japan, Southeast Asia, and other countries following the endemic phase, to continue positively impacting its performance growth. With the recent trend of performance growth continuing, the company has also decided to pay dividends to actively realize shareholder value and practice responsible management.

Shin Yoo-jung, CEO of Able C&C, said, “Based on strengthening brand competitiveness through aggressive investment, we are continuing strong growth in both sales and profit improvement. We will continue to expand our global market reach and broaden consumer touchpoints across all channels centered on our key brands, securing continuous future growth momentum and focusing on both quantitative and qualitative growth.”