Surabaya, January 26, 2024 – PT Avia Avian Tbk ("AVIA") closed 2023 with positive achievements in sales volume growth, where for the Q4 2023 period, AVIA's sales volume recorded double-digit growth compared to the same period in the previous year. This growth was supported by the launch of several economic products that have proven to be well-received by customers. These achievements and positive trend in Q4 2023 give AVIA confidence to record double-digit growth in Net Profit and EBITDA performance in 2023, and further provide optimism and a strong foundation for AVIA to achieve increasingly rapid and high operational and financial performance growth (double-digit growth) in 2024.
These positive performance achievements are proof of AVIA's commitment to always deliver the best performance as the market leader for decorative paints in Indonesia, and certainly also inseparable from AVIA's consistency in implementing various comprehensive marketing and sales strategies that cover all involved consumers, including retail store owners, painters, contractors, and also home owners, as well as the development of AVIA's increasingly complete and innovative product portfolio that further satisfies customers. AVIA also continuously strives to improve the maximum quality of service to its customers.
AVIA's new initiative, offering express delivery services where goods will be received by customers within 2 hours, is a tangible manifestation of AVIA's commitment to continuously improve the quality of customer service. AVIA's largest and most extensive distribution center network in Indonesia enables AVIA to provide these leading services to its customers. As of the end of December 2023, AVIA had 118 owned distribution centers, plus 14 mini distribution centers and 40 third-party distribution centers.
In terms of product innovation, AVIA is supported by a solid and highly committed research, development, and innovation (RDI) team and facilities in producing various innovative products to complement the existing product portfolio across different brands and categories. With a complete product range, covering all price ranges from economic, medium, to premium, AVIA is strategically positioned to continue expanding its market share, and is capable of creating increasingly rapid, healthy, and sustainable performance growth.
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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 Stain, and Avitex wall paints, No Drop leak-proof coating paint, and Avian wood & metal paints.
Listed on the Indonesia Stock Exchange (IDX) on December 8, 2021, with ticker 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 holds approximately 23% market share in the decorative paint and coating industry in Indonesia. AVIA has strong manufacturing capacity and capabilities through AVIA's manufacturing facilities in Sidoarjo and Serang, and is supported by vertical integration capabilities that allow AVIA to produce raw materials internally. AVIA also has the widest distribution network in Indonesia, comprising 118 owned distribution centers, 14 owned mini distribution centers, and 40 third-party distribution centers by the end of 2023. All these distribution centers serve more than 56,000 building material stores across Indonesia. Since 2020, Avian Brands has had the first research, development, and innovation center in Indonesia called Avian Innovation Center (AIC), spanning 5,000 square meters, and as a manifestation of Avian Brands' commitment to environmental, health, and safety management, as well as 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 cutting-edge benefits and contribute to coloring Indonesia.
