bullish
Classys (214150 KS): 2023 Sales Beat Guidance to Reach Record High; Stellar Performance to Continue
319 Views01 Mar 2024 09:30
SUMMARY
- Classys (214150 KS) achieved its highest performance ever in 2023. Revenue grew 27% YoY to KRW180 billion, 6% higher than the forecast of KRW170 billion announced early last year.
- As demand for equipment increased rapidly in major countries, overseas sales last year exceeded KRW100 billion for the first time, and specially in Brazil, annual sales exceeded KRW40 billion.
- With a positive outlook, Classys is expected to maintain growth trajectory. The company expects 2024 annual revenue of KRW225 billion, up 25% YoY.
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Tina Banerjee
Global Healthcare Analyst
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