Coway Announces Financial Results for Q4 and FY2023

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Coway’s 2023 Q4 revenue reached KRW 1,004.4 billion (+2.5% YoY) with an operating profit amounted to KRW 166.2 billion (+1.5% YoY)
Annual revenue for FY2023 totaled KRW 3,966.5 billion (+2.9% YoY) with an operating profit of KRW 731.3 billion (+8.0% YoY)
Coway plans to foster sleep & wellness brand BEREX as a growth engine and competitive force in the global market

SEOUL, South Korea, Feb. 8, 2024 /PRNewswire/ — Coway Co., Ltd., the “Best Life Solution Company,” has released its financial results for the fourth quarter and fiscal year 2023.

“We’re proud to have achieved such a successful 2023, even in the face of significant challenges present in both domestic and international markets. Our stable performance can be credited to actively investing in product R&D, IT, marketing, and leveraging the growth of the BEREX sleep and wellness brand,” stated Jangwon Seo, CEO of Coway. “This year, as we complete our transformation to become a ‘New Coway’ grown by innovation, and solidify Coway’s position as a global leader, we will continue to release pioneering product lines while focusing on BEREX as a …

Full story available on Benzinga.com


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