Surabaya, April 29, 2024 – PT Avia Avian Tbk (“AVIA”) has just announced its first quarter 2024 financial performance. Total consolidated sales increased by 6.9% compared to the same quarter of the previous year, reaching Rp1.9 trillion. In the same period, consolidated gross profit successfully recorded a growth of 9.8% reaching Rp886 Billion with a gross profit margin of 46.5%.
Bottom-line performance also showed positive growth where EBITDA and net profit grew by 6.9% and 7.0% respectively year-on- year. In addition, the EBITDA margin was successfully recorded at 29.1%, and the net profit margin at 23.4%.
This positive financial performance is certainly inseparable from various combinations of integrated strategies, ranging from new product innovation, expansion of distribution centers, various marketing initiatives, to vertical integration capabilities.
During the first quarter of 2024, AVIA launched 5 new products, including Avian Cling water-based in the wood & iron paint segment, No Drop Instant Putty, No Drop Fiber Mesh, and No Drop Tile Grout in the waterproof coating paint segment, as well as Boyo Politur Spray in the wood care segment.
No Drop Instant Putty is an elastic and waterproof wall hole filler product that can be applied easily and quickly. This product is presented to address consumer problems related to numerous holes in walls while providing additional protection against insects, cracks, and crevices in house walls.
On the other hand, No Drop Fiber Mesh is used as a reinforcement to cover cracks, concrete roof corners or leaking areas. This latest product from Avian Brands is capable of providing a flexible, durable, and good adhesion waterproof layer, thus ensuring perfect waterproofing protection.
The Company strategically focuses on vertical integration and has started manufacturing resin as one of the main raw materials for paint since 1986. Not only that, in 1992 the company also invested in a metal can factory to overcome supply shortages from suppliers. Various other raw materials can also be produced in-house, from paint additives to colorants.
From a distribution perspective, AVIA is the only paint company with the widest distribution network in Indonesia. As of the end of the first quarter of this year, AVIA had 136 self-owned distribution centers and 40 third-party distribution centers spread across all regions of Indonesia.
By having a national-scale distribution center, AVIA always provides excellent service quality to all its customers, one of which is express delivery, namely delivery of goods within 2 hours after ordering. The Company will continue the expansion of this express delivery service to most of its owned distribution centers in various regions of Indonesia. Supported by a distribution network spread from Sabang to Merauke, AVIA continues to increase its customer base and strengthen the penetration of the company's products in the national market.
Various forms of special services have also proven to increase customer satisfaction and loyalty and encourage them to offer more Avian Brands products. To date, AVIA has served more than 56 thousand building material stores throughout Indonesia.
Supported by a solid operational and manufacturing foundation and an extensive distribution network, AVIA continues to strengthen its position as the market leader in decorative paints in Indonesia.
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About PT Avia Avian Tbk
PT Avia Avian Tbk was founded in 1978 as an integrated paint manufacturing company. Known as Avian Brands. For over 4 decades, Avian Brands has colored the lives of millions of Indonesian families, through a variety of products including Sunguard All in One, Supersilk Anti Stain and Avitex wall paints, No Drop waterproof coating paint, and Avian wood & iron paints.
Listed on the Indonesia Stock Exchange (IDX) on December 8, 2021, with stock code (IDX: AVIA), AVIA is the largest decorative paint manufacturer and a market leader in the decorative paint and coating industry in Indonesia based on a survey conducted by Frost & Sullivan.
Currently, AVIA controls about 23% market share in the decorative paint and coating industry in Indonesia. AVIA has strong manufacturing capacity and capabilities through manufacturing facilities in Sidoarjo and Serang. Vertical integration allows AVIA to produce raw materials internally.
AVIA's sales are divided into architectural solutions and merchandise. Architectural solutions contribute approximately 80% of sales and the merchandise segment contributes approximately 20% of sales.
Since 2020, Avian Brands has owned the first research, development, and innovation center in Indonesia called Avian Innovation Center (AIC) spanning 5,000 square meters.
As a manifestation of Avian Brands' commitment to environmental management, occupational health and safety, and GCG (Good Corporate Governance) in accordance with international standards, Avian Brands has successfully obtained and implemented ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), ISO 45001:2018 (Occupational Health and Safety Management System), ISO 50001:2018 (Energy Management System), and ISO 27001:2013 (Information Security Management System).
The presence of Avian Brands aims to provide leading benefits and contribute to coloring Indonesia.
