Surabaya, 01 August 2024 – PT Avia Avian Tbk (“AVIA”), the only paint manufacturer issuer in Indonesia integrated from upstream to downstream, announced its financial performance for the first half of 2024. Despite facing challenging economic conditions and weakened public purchasing power, AVIA successfully recorded total consolidated sales of Rp 3.621 trillion. This achievement demonstrates the Company's resilience and business strategy effectiveness.
Supported by more than 8,000 highly dedicated employees, AVIA continues to strengthen its position as the market leader in decorative paints in Indonesia. In the first half of this year, AVIA also recorded solid bottom-line performance with a gross profit margin of 45.0%, an EBITDA margin of 27.7%, and a net profit margin of 22.3%.
Throughout 2024, AVIA consistently implemented various strategies by leveraging the Company's competitive advantages to win market share from other paint companies, especially amidst difficult market conditions. These competitive advantages are diverse, ranging from innovation capabilities supported by a reliable Research, Development, and Innovation (RDI) team, vertical integration capabilities, a distribution network spread from Sabang to Merauke, and effective and extensive marketing strategies reaching all segments of society.
By the end of the first half, AVIA had 123 self-owned distribution centers, supported by 15 mini distribution centers and 39 third-party distribution centers. Having an extensive distribution network covering all regions of Indonesia, has differentiated AVIA from its competitors, primarily in terms of the quality of services provided.
Currently, AVIA serves more than 57 thousand building material stores in various regions of Indonesia. AVIA is capable of express delivery, which is the delivery of goods within approximately 2 hours after an order is placed. This service is an elevation of the one-day delivery service that the Company has long implemented. This superior service quality, combined with various strategic marketing activities, has helped the Company build strong relationships between AVIA and building material stores.
Going forward, AVIA will continue to focus on operational development to achieve sustainable business growth in the long term. The Company will continue to innovate and drive efficiency to increase market share and maintain its position as the market leader in decorative paints in Indonesia. For your information, AVIA was recently selected as the winner of the ESG Award 2024 by KEHATI for the Capital Market sector, Best Issuer Category. This award was received after AVIA was selected as a constituent of the SRI-KEHATI and ESGSKEHATI Indices for the period 3 June 2024 – 29 November 2024. With solid performance and appropriate strategies, AVIA is optimistic it can face economic challenges and continue to grow in the future.
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About PT Avia Avian Tbk
PT Avia Avian Tbk was established 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 Noda 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 approximately 23% of the market share in Indonesia's decorative paint and coating industry. AVIA possesses strong manufacturing capacity and capabilities through its 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 had the first research, development, and innovation center in Indonesia called the Avian Innovation Center (AIC), spanning 5,000 square meters.
As a testament to 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).
Avian Brands aims to provide cutting-edge benefits and contribute to coloring Indonesia.
