[Click e-Stock] "APR, Growing Faster Than Expected"

On June 19, LS Securities projected that APR would continue to grow in both the United States and Japan.

Jo Eunae, a researcher at LS Securities, stated, "After the announcement of the first quarter results this year, APR revealed its plans to enter the offline market in the United States through Ulta Beauty. With strong sales during Japan's Megawari shopping event and continued expansion in Europe as confirmed by export data, the visibility of both revenue and profit growth has increased."

She added, "Initial sales from APR's offline entry into Ulta Beauty in the United States will be reflected in the company's second quarter results this year. During the peak season in the second half of the year, it will be possible to quantify how much the increased brand awareness of Medicube translates into sales."

She also emphasized, "In Japan, sales through Qoo10 and APR's own mall are increasing, and the offline entry that began in the first quarter will start to make a significant contribution to earnings."

For the second quarter of this year, LS Securities estimated that APR would achieve sales of 291.6 billion KRW and operating profit of 56.2 billion KRW. These figures represent increases of 88% and 101%, respectively, compared to last year.