bullish
Classys (214150 KS): Strong 1Q23 Result Lifted by Overseas Performance and Consumables Sales
670 Views26 May 2023 14:29
Boomeranged on Sat, 1 Jul 2023 14:08
Since publishing this insight, Classys shares gained 26%. Investors can book partial profit and hold core position, as more upside is seen, due to the continued strong global demand for medical aesthetics products.
SUMMARY
- Classys (214150 KS) reported solid performance in 1Q23, with double-digit revenue growth, driven by expansion of domestic consumables sales for Shrink Universe and growth in overseas device and consumables sales.
- Operating profit increased 19% YoY to KRW 19.9 billion, leading to 380 basis point margin expansion to 51%. Net profit increased 46% YoY to KRW 18.8 billion.
- Classys continues to strengthen its competitiveness through product line and geography expansion. The company has reiterated 2023 revenue guidance of KRW170 billion, representing year-over-year increase of 20%.
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Rising
Tina Banerjee
Global Healthcare Analyst
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