Coway Announces Financial Results for Q4 and FY2022

Coway reported the following earnings:

*The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.

In FY2022, domestic environmental home appliance sales were driven by innovative new products, including Noble Collection, the Icon Water Purifier 2, and the Icon Ice Water Purifier, leading to a consolidated revenue of KRW 2,277.0 billion (+1.4% YoY).

Overseas subsidiaries' revenue is up 15.4% vs. 2021 to KRW 1,401.9 billion, with Malaysia and the USA as the key growth drivers. Malaysia's revenue rose to KRW 1,091.6 billion (+11.4% YoY), surpassing KRW 1,000 billion for the first time, while the USA's grew to KRW 199.8 billion (+17.8% YoY).

For additional details about Coway's financial performance, please visit the company's Investor Relations page.

About Coway Co., Ltd.

Established in Korea in 1989, Coway, "The Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.

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