• Consolidated net sales increased 11% to Rp19.14 trillion
• Income from operations increased 13% to Rp3.99 trillion
• Core profit increased 34% to Rp2.87 trillion
Jakarta, 2 May 2023 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the period ended 31 March 2023. ICBP posted consolidated net sales growth of 11% to Rp19.14 trillion from Rp17.19 trillion in the same period last year.
Income from operations increased 13% to Rp3.99 trillion from Rp3.53 trillion and operating margin slightly improved to 20.9% compared to 20.6% in the first quarter of 2022. Core profit, which reflects the underlying operating performance of the Company, increased 34% to Rp2.87 trillion from Rp2.14 trillion in the first quarter last year.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Entering into 2023, we’re pleased that ICBP recorded a positive performance delivering both sales and profitability growth. We will continue to drive sales volume growth across our product categories and maintain healthy profitability, while monitoring the development of global market conditions which could impact Indonesia’s economic growth, commodity prices and exchange rate volatility.”
About PT Indofood CBP Sukses Makmur Tbk
PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) is among the most established leading players in the consumer branded products sector. We are engaged in a wide range of product categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. We also operate a packaging business that produces flexible and corrugated packaging for our products.
We provide everyday food and beverage solutions for consumers of all ages across market segments, with more than 30 leading product brands. Many of these brands enjoy significant market shares in Indonesia, backed by decades of deep consumer trust and loyalty. In particular, Indomie, our flagship brand for instant noodles, has grown to become an international brand with strong market leadership extending beyond Indonesia.
Our business operations are supported by 60 plants located in key areas across Indonesia, enabling us to stay close to our customers and ensure product freshness and availability in all sales channels. We are fully supported by PT Indofood Sukses Makmur Tbk extensive distribution network across the archipelago to meet consumer demands in a timely and efficient manner.
We have more than 20 production facilities in Malaysia, Africa, the Middle East and Southeastern Europe serving the overseas markets, making ICBP one of the largest instant noodle producers in the world. In addition, we also export many of our products from Indonesia, making them present in more than 100 countries globally.
For further information, please contact:
Gideon A. Putro
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373