• Consolidated net sales increased 22% to Rp56.80 trillion
• Income from operations increased 27% to Rp11.66 trillion
• Core profit increased 18% to Rp6.85 trillion
Jakarta, 31 March 2022 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the year ended 31 December 2021. ICBP posted 22% growth in consolidated net sales to Rp56.80 trillion from Rp46.64 trillion last year.
Income from operations increased 27% to Rp11.66 trillion from Rp9.20 trillion, and operating margin expanded to 20.5% from 19.7%. Income for the year attributable to equity holders of the parent entity decreased 3% to Rp6.39 trillion from Rp6.59 trillion last year due to unrealized forex loss arising from financing activities (compared to unrealized forex gain arising from financing activities in 2020); net margin was 11.2% compared to 14.1% in 2020. Without taking into account the non-recurring items and foreign exchange difference, core profit grew 18% to Rp6.85 trillion from Rp5.82 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Amid ongoing challenges, we have exceeded our targets with solid contributions from both domestic and overseas operations. Thanks to everyone at ICBP for their commitment and focus on strategy execution and delivery. Looking ahead at 2022, our focus will be to sustain ICBP’s business performance by balancing between volume growth and profitability as well as maintaining a healthy balance sheet position. Despite the uncertainties that will unfold as the pandemic, economic and geopolitical situation evolves, we will continue to strengthen our business model in order to respond to changes in a timely manner.”””
About PT Indofood CBP Sukses Makmur Tbk
ICBP is one of the established and 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. ICBP also operates a packaging business, producing flexible and corrugated packaging for our products.
We provide everyday solutions for consumers of all ages across market segments, with more than 30 leading product brands. Many of these brands enjoy significant market positions in Indonesia, backed by decades of trust and loyalty from millions of consumers.
ICBP’s business operations are supported by more than 60 plants located in key areas across Indonesia, enabling us to stay closer to our customers and ensure product freshness and availability. Most of our products are easily available in general and modern trade across the archipelago. We are fully supported by Indofood’s extensive distribution network in Indonesia to meet consumer demands in a timely and efficient manner.
Besides Indonesia, ICBP also exports its products worldwide. As part of our core business expansion strategy, ICBP acquired Pinehill Company Limited, an instant noodle producer with more than 20 manufacturing facilities in Africa, Middle East and Southeastern Europe, making ICBP one of the world’s largest instant noodle producers with a strong market share globally.
For further information, please contact:
Gideon A. Putro
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373