bullish
Classys (214150 KS): Record-High Sales and Profit in 2022; Geography Expansion to Accelerate Growth
460 Views17 Feb 2023 18:52
SUMMARY
- Classys (214150 KS) reported strong performance in 2022, with highest ever revenue and profit, driven by increased sales of equipment and consumables due to increased global awareness of major products.
- Revenue from export recorded a CAGR of 30% during 2017–2022, mainly driven by strong growth in Brazil. Classys launched Shrink Universe in Korea and Ultraformer MPT in global market.
- For 2023, Classys has guided for revenue of KRW170B (+20% YoY), driven by Shrink Universe's expansion into the global market, full-fledged domestic sales of Volumemers, and increasing volume of consumables.
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Tina Banerjee
Global Healthcare Analyst
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