[Edaily Reporter KYUNG GYEYOUNG ] Able C&C, the company behind brands such as Missha and A'pieu, returned to profitability in the third quarter, driven by the popularity of K-Beauty.

ABLE C&C(078520)The company announced on the 12th that its consolidated operating profit for the third quarter was 6.5 billion won, marking a return to profitability compared to the same period last year. During the same period, revenue rose 2.8% to 56.3 billion won, and net income turned positive at 700 million won. ABLE C&C explained that, excluding sales from domestic company-owned stores that have been closed, the actual revenue growth rate was 20%.

Overseas sales accounted for 73% (42.4 billion won) of ABLE C&C’s total revenue, an increase of more than 10 percentage points from 61% in the third quarter of last year. Sales in Europe rose 49% to 13.4 billion won during the same period, making it the company’s largest export market. The company saw balanced growth across several countries, including the United Kingdom, Germany, Türkiye, the Czech Republic, and Russia.

North America also recorded sales of 11.8 billion won, an 8% increase compared to the third quarter of last year, while in Japan, sales rose 33% over the same period to 9.6 billion won as the company expanded from offline to online channels. Growth continued in the Middle East (87%) and Northeast Asia (46%) as well.

In the domestic market, ABLE C&C continued its strategy of selective focus on core distribution channels with high growth potential. Sales on major online platforms such as Naver and 11st increased by 32.3% year-over-year.

In particular, sales at Daiso surged 92% year-over-year, setting a new all-time quarterly record. Sales growth was driven by increased sales of the A'pieu “The Pure Hair Vinegar” line, launched in the second quarter, as well as the new release of the “Bodyholic Perfume” line.

ABLE C&C plans to sustain its growth by expanding its distribution network in key global markets and strengthening the competitiveness of its flagship products. The company intends to expand its online and offline channels in major markets such as the U.S. and Europe, while simultaneously enhancing the profitability of its overseas subsidiaries, including those in Japan, and identifying new growth opportunities in Shinhung markets, including the Middle East.

Shin Yu-jeong, CEO of ABLE C&C, stated, “These third-quarter results demonstrate our solid foundation as a global beauty company, built on robust growth and stable profitability in key overseas markets,” adding, “We will continue on a sustainable growth trajectory in the second half of the year by expanding global sales channels and strengthening brand competitiveness.”