EBD segment maintained steady growth, with direct sales reaching a new all-time high
HONG KONG, Aug. 21, 2024 /PRNewswire/ -- Sisram Medical Ltd (the "Company" or "Sisram", 1696.HK; together with its subsidiaries collectively referred to as the "Group"), a global consumer wellness group, featuring a distinguished synergistic ecosystem of business building blocks and consumer-focused approach, including energy-based devices, injectables, aesthetics and digital dentistry, personal care, and more, today announced its unaudited consolidated interim results for the six months ended June 30, 2024 (the "Reporting Period").
FINANCIAL HIGHLIGHTS
KEY ACHIEVEMENTS
Product portfolio expanded with significant R&D achievements
Expanding direct reach aligns with strategy, accelerating market penetration while further enhancing global leadership.
Continued enhancement of Company's global brand, aiming to drive demand and growth for our partners
Strategy and Outlook
Enriching Sisram wellness ecosystem with high-value offering and maintaining leadership in strategic markets
In the second half, Sisram will continue to execute our strategy by evaluating and implementing near-future technologies. The Company will further penetrate the Chinese market to achieve the targets. In North America market, the Company will activate its existing client base and develop new client relationships with new products to secure a larger market share. Overall performance in H2 2024 is expected to exceed that of the first half of the year. At the same time, the Company will continue to expand its high-end injectables product portfolio and accelerate the registration and commercialization of DAXXIFY®, the world's first long-lasting botulinum toxin product, and Profhilo®, a high-end biostimulator, in mainland China. With a comprehensive injectables portfolio and a dedicated, seasoned sales force, Sisram aims to accumulate strength for its strategic growth engine.
In the future, Sisram will continue to focus on the stable development of its core business while actively developing new growth engines, allowing for greater flexibility to ramp up quickly as market conditions improve.
Strengthen direct sales layout, enhance market penetration and segment impact, and increase market share
Relying on advanced and excellent products and firm strategic practices, the Company's core energy-based devices segment maintained steady growth, and the Company achieved a double-digit growth in markets outside North America in the first half of 2024. In the second half of 2024, the Company will continue to implement the strategy of the direct sales in APAC and North America. Leveraging its diversified offerings, the Company will continue to enlarge install base and expand customer base to enhance overall competitiveness and impact in market segments. Finally, we are aiming to provide consumers with high quality, high value, full cycle, and personalized medical-grade wellness solutions and services.
Mr. Liu Yi, Chairman and Executive Director of Sisram, commented: "Looking forward to the second half of 2024, we will continue to leverage our core strengths to foster steady growth and sustainable development. Adhering to value creation, we will continue to expand localized R&D and production layout and implement our direct sales expansion strategy to promote localization development in the global market. At the same time, the Company will enhance regional market penetration while optimizing cost control and improving operational efficiency. Moreover, by synergizing internal strengths with strategic external cooperation, we are dedicated to creating more value for clients and prioritizing journey for consumers with a diverse product portfolio and high-quality one-stop services, as well as to enhancing the overall profitability of the Company over the long term."
"Today, Sisram is reporting a new all-time high in direct sales revenue, up 14 percent from a year ago," said Lior Dayan, CEO of Alma and Sisram. "This milestone highlights the profitability and success of our direct-sales strategy, which allows us to navigate through market trends effectively, maintaining our leadership as a premium leader and enabling long-term relationships with partners and clients. During this period, we have enriched our core EBD product portfolio with three successful launches of new Alma platforms, each one setting new standards in the industry and creating even more value for our partners."
He continued, "In the second half, we will continue to expand our unique wellness ecosystem with high-value and synergetic offerings, with a strategic focus on utilizing the building blocks of energy-based devices and injectables to enhance patient results, elevate clinic practice, and increase patient satisfaction. With a clear long-term strategy that emphasizes driving innovation, building brand recognition, and increasing patient lifetime value to support our partners growth, we are confident in maintaining leadership and driving growth in new markets."
About Sisram Medical Ltd
Sisram Medical Ltd (1696.HK) is a global consumer wellness group, featuring a first-of-its-kind synergistic ecosystem of business building blocks and consumer-focused approach, ranging from Energy Based Devices, injectables, aesthetics and digital dentistry, personal care and more. The Company is majority-owned by Fosun Pharma, one of China's leading healthcare groups. Sisram Medical went public on the Main Board of the Hong Kong Exchange in September 2017.
Sisram Medical – Enhancing Quality of Life