- Coway revenues in 2024 reached KRW 1,125.7 billion (+ 12.1% in year shift KRW 183.4 billion (+ 10.4% in annual shift)
- Annual income for the 2010 financial year of the company have totaled KRW 4.310.1 billion (+ 8.7% in annual shift) with an operating profit of KRW 795.4 billion (+ 8.8% in annual shift)
- Coway plans to stimulate regular growth in 2025 by accelerating its “new Coway” strategy
Seoul, South Korea,, February 14, 2025 / Prnewswire / – Coway Co., Ltd., the “Best Life Solution Company”, published its financial results for the fourth quarter and the exercise 2024.
“We are delighted to have delivered stable performances in the national and international markets in 2024, even in the midst of difficult commercial environments,” said Jangwon thisCEO of Coway. “This success has been motivated by our disciplined management approach and our commitment to expand R&D. In the future, while we accelerate our” New Coway “strategy, we will focus on the development of differentiated and innovative products and ‘Expanding our global footprint to stimulate sustained growth. “
Coway said the following gains:
- Income in the fourth quarter: KRW 1,125.7 billion (+ 12.1% in annual shift)
- Operating profit of the fourth quarter: KRW 183.4 billion (+ 10.4% in annual shift)
- Annual income: KRW 4.310.1 billion (+ 8.7% in annual shift)
- Annual operating profit: KRW 795.4 billion (+ 8.8% in annual shift)
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* The figures reported are taken from the Consolidated K-IFRS (International Financial Reporting Standard) declaration. |
In 2024, national Coway companies recorded an income from KRW 2,581.7 billionmarking an increase of 8.8% compared to the previous year. This growth was motivated by high sales of key products such as water purifiers, air purifiers and bidets, as well as expanding sales of the high growth Berex brand.
Coway’s subsidiaries have declared an annual income of KRW 1,545.2 billion In 2024, showing an increase of 8.0% compared to the previous year. In Malaysiaannual income experienced an increase of 6.6% compared to the previous year to reach KRW 1 158.4 billionwhile The United States The subsidiary has recorded an annual income from KRW 214.2 billionup 4.4% compared to 2023, and Thailand has recorded impressive growth from one year to 24.3% and a KRW 125.7 billion Annual income.
Coway announced that he had decided a dividend in end -of -year species KRW 2 630 by action as a end -of -year dividend. Total dividend payment is equivalent to KRW 189.1 billionrepresenting an increase of 93% compared to the total dividend of the previous year KRW 98.0 billion (KRW 1,350 by action).
In addition, Coway will unveil its “value program program program”, the key objective being the expansion of the shareholder return ratio of 20% to 40% previous in the next three years. This plan includes measures such as cash dividends and the cancellation of treasure actions.
For more details on Coway’s financial performance, please visit the company Relations with investors page.
About Coway Co., Ltd.
Created in Korea in 1989, Coway, the “Best Life Solution Company”, is a leading company for environmental household appliances that makes people’s lives in good health and comfortable with innovative household appliances such as purifiers d ‘Water, air purifiers, bidets and mattresses. The most recent company in the company, the Beex brand, aims to improve sleep and well-being thanks to advanced mattresses and massage chairs. Since its creation, Coway has become a leader in the environmental household appliances industry, with intensive research, engineering, development and customer service. The company has proven to be dedicated to innovation with award -winning products, an unrivaled market share of home, customer satisfaction and brand recognition. Coway continues to innovate by diversifying product ranges and accelerating activities abroad in Malaysia, the United States, Thailand, China, Indonesia, Vietnam, Japan and Europe, based on the Commercial success in Korea. For more information, please visit http://www.coway.com/ Or http://newsroom.coway.com.
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Source Coway Co., Ltd.
