Dentis, Consecutive Strong Performance This Year... Q3 Cumulative Sales Reach 88.6 Billion KRW, Nearing Surpass of Previous Year

Dentis, an implant-based dental and medical solutions company led by CEO Sim Gi-bong, announced consolidated sales of 29.694 billion KRW and an operating profit of 1.51 billion KRW for the third quarter, continuing its strong performance this year.

According to the disclosure made by the company on the 13th, third-quarter sales and operating profit increased by 15.4% and 1014%, respectively, compared to the same period last year. On a cumulative basis, sales reached 88.643 billion KRW and operating profit 4.932 billion KRW, marking increases of 20.7% and 45.1% year-over-year. Notably, Dentis, which recorded sales of 94.3 billion KRW in 2023, is on the verge of surpassing last year’s sales this year.

A Dentis representative stated, “In the third quarter of this year, the implant segment showed a remarkable sales increase of 12%, and the surgical segment grew by 49.5% compared to the same period last year. Overall, domestic sales increased by 36.3%, while exports grew steadily across regions, with China up 68.7% and Europe (Spain/Portugal subsidiaries) up 98.5%. Additionally, new subsidiaries in India and Portugal generated new sales starting from the third quarter, which is expected to contribute to the company’s external growth going forward.”

This year, Dentis achieved significant milestones with key products including the FDA approval and launch of the transparent orthodontic sheet material ‘MESHEET,’ the release of the implant fixation measurement device ‘ChecQ,’ and the launch of the surgical table ‘LUVIS ST500’ along with FDA registration and CE certification. The company is currently working towards obtaining new patents and certifications within the year and plans to start operating its new implant factory (third plant) as soon as the GMP inspection is completed. This is expected to enhance overseas demand response and expand implant segment sales next year.

Building on a diversified business portfolio to further expand its global foundation, Dentis has continued investments in new subsidiaries, the new factory, and new business ventures. The company plans to mark its 20th anniversary next year as a new turning point by presenting a new brand message and business goals to accelerate its growth momentum. To this end, Dentis will continue aggressive investments including establishing new subsidiaries, obtaining overseas certifications, and launching new products.