Jakarta, 20 March 2018 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the year ended 31 December 2017. ICBP posted 3.6% growth in consolidated net sales to Rp35.61 trillion from Rp34.38 trillion last year. The Noodles Division contributed around 64% to consolidated net sales, followed by the Dairy, Snack Foods, Food Seasonings, Nutrition & Special Foods and Beverages Division which contributed around, 20%, 7%, 2%, 2% and 5% respectively.
Income from operations increased 7.4% to Rp5.22 trillion from Rp4.86 trillion, and operating margin expanded to 14.7% from 14.2%. Income for the year attributable to equity holders of the parent entity rose 5.4% to Rp3.80 trillion from Rp3.60 trillion last year; net margin slightly improved to 10.7% from 10.5%. Without taking into account non-recurring items and difference in foreign exchange rate, core profit increased 8.6% to Rp3.99 trillion from Rp3.68 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Despite weaker consumer demand in the FMCG sector, ICBP continued to deliver top-line and bottom-line growth, as well as strengthened our market position in most product categories. In 2018, the domestic economy is expected to grow. We will continuously review and adapt our strategies to address challenges that may arise, and persevere to accelerate growth and improve the company’s value.”
About PT Indofood CBP Sukses Makmur Tbk
ICBP is an established and one of the market leading players in the consumer branded products sector. We are engaged in diverse business categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. In addition, ICBP also operates a packaging business, producing both flexible and corrugated packaging to support our main businesses.
We provide everyday solutions for consumers of all ages across market segments, with around 40 leading product brands. Many of these brands enjoy significant market positions in Indonesia, backed by decades of trust and loyalty from millions of consumers.
Majority of our products are available across the archipelago. Supported by our parent company’s extensive distribution network, we are able to meet the market demands in a timely and efficiently manner.
Our business operations are supported by more than 50 plants are located in key areas across Indonesia. This enables us to be closer to market demand and ensure product freshness.
Besides Indonesia, ICBP products are also present in more than 60 countries around the world.