Surabaya, February 27, 2025 – PT Avia Avian Tbk (“AVIA”), a national leader in decorative paints, announced its audited financial report for the full-year performance of 2024. The Company recorded total consolidated sales of Rp 7.5 trillion, an increase of 6.5% compared to the previous year. In the same period, sales volume grew by 5% year-on-year.
This growth was supported by solid performance in Q4, where total consolidated sales recorded a double-digit increase of 11.5%, while sales volume increased by 8.5% compared to the same period last year. In addition to sales growth, AVIA also maintained healthy profitability throughout 2024, with a gross profit margin of 44.7%, an EBITDA margin of 27.2%, and a net profit margin of 22.3%.
The year 2024 was marked by various economic challenges where many businesses faced pressure due to sluggish consumer spending. National economic turmoil was also exacerbated by various social issues that further weakened purchasing power. Nevertheless, Avian Brands saw opportunities amid these challenges and continued to invest in its strategic initiatives, focusing on gaining market share despite challenging market conditions. The Company's achievements in 2024 were driven by the dedication and resilience of the Avian Brands team in executing various business development strategies focused on strengthening customer relationships.
Avian Brands launched 14 new products in 2024, 5 of which have obtained Green Label Singapore certification. This reaffirms the Company's commitment to delivering product innovations that are not only superior but also environmentally friendly. The research, development, and innovation team worked proactively in responding to the constantly evolving market dynamics.
The development of these new products was supported by consistent expansion of distribution centers, strengthening market penetration in various regions. Furthermore, with a work culture that prioritizes continuous improvement, Avian Brands continues to optimize its logistics to ensure the best customer service with maximum operational efficiency. For information, as of the end of 2024, Avian Brands operates 124 self-owned distribution centers and 15 mini distribution centers, and is supported by 38 third-party distribution centers.
Throughout 2024, Avian Brands served 58,600 building material stores across Indonesia. This number increased by 1,722 compared to the previous year, which recorded 56,878 building material stores. Avian Brands consistently maintains and strengthens customer relationships, continuously striving to be a reliable and trusted partner for them. As a national leader in decorative paints, customers are an inseparable part of the Company's journey and success.
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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 various 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 factory and a market leader in the decorative paint and coating industry in Indonesia, according to a survey conducted by Frost & Sullivan.
Currently, AVIA controls approximately 23% of the market share in the decorative paint and coating industry in Indonesia. AVIA has 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), covering an area of 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 existence of Avian Brands aims to provide leading benefits and contribute to coloring Indonesia.
