Vatech Reports FY 2019 Financial Results
Vatech today announced full-year 2019 financial results. The company reported revenues of KRW 271.7 billion and net sales of KRW 42.9 billion, showing each of 15.9 % and 8.9 % increase over FY 2018. Both revenues and net sales of 2019 hit record high.
The fair results of 2019 were driven by the sales of premium products in advanced markets and the growth in emerging markets. In North America alone, Vatech reported revenues of 68.3 million KRW, showing steady growth since 2018.
Vatech will be entering into new areas of business in the dental market this year, based on the company’s extensive sales networks and confidence in new product innovations and quality.