Indonesia economic condition in 2022 had recorded a significant recovery compared to the previous year. The improvement continued after the government revoked the implementation of Public Mobility Restriction (PPKM).
Indonesia economic growth in 2022 was at 5.31% or had returned to a range of more than 5% as before the pandemic. While inflation rate in 2022 was above the inflation target of 3±1%, namely 5.51%.
Consumer Confidence Index (CCI) had increased to 119.9 which indicated that consumer optimism toward economic condition is getting better.
Based on Katadata Insight Center and Sirclo, there are significant changes on consumer behavior in terms of online shopping. Starting 2021 online transaction of health and beauty products grew by 40,1%.
BUSINESS HIGHLIGHTS
Net sales grew by 10.5% y-o-y from Rp 1.850 billion to Rp 2.044 billion.
Sales in domestic market grew by 6.7% compared to FY2021.
Export market grew by 18.3% compared to FY2021.
Sales by product categories y-o-y:
Hair care grew by 8.7% y-o-y.
Skin care & makeup grew by 18.2% y-o-y.
Fragrance grew by 1.3% y-o-y.
BUSINESS RESULTS
Statements of Income
Rp Billion
FY2022
FY2021 *
Balance
%Growth
Net Sales
2.044.821
1.850.311
194.510
10,51%
COGs
1.633.386
1.544.655
88.731
5,74%
Gross Profit
411.435
305.656
105.779
34,61%
Operating Expenses
405.587
405.181
406
0,10%
Operating Income
5.847
(99.524)
105.371
-105,87%
Net Income
18.109
(76.508)
94.617
-123,67%
Comprehensive Income
35.441
(54.271)
89.712
-165,30%
Basic Loss per Share (in Rp)
Statements of Financial Position
Rp Billion
Dec 31, 2022
Dec 31, 2021 *
Balance
%Growth
Current Assets
1.594.566
1.437.357
157.209
10,94%
Non-Current Assets
786.092
863.448
(77.356)
-8,96%
Total Assets
2.380.658
2.300.805
79.853
3,47%
Current Liabilities
221.011
176.837
44.174
24,98%
Non-Current Liabilities
304.859
304.119
740
0,24%
Equity
1.854.788
1.819.849
34.939
1,92%
Total Liabilities & Equity
2.380.658
2.300.805
79.853
3,47%
Net Working Capital
1.373.555
1.260.520
113.035
8,97%
Statements of Cash Flows
Rp Billion
FY2022
FY2021 *
Balance
%Growth
Capital Expenditure
47.466
27.130
20.336
57,15%
SALES
Net Sales by Geographical
Rp Billion
FY2022
FY2021*
Balance
%Growth
Domestic
1.327.525
1.243.973
83.552
6,72%
Export
717.296
606.337
110.959
18,30%
Net Sales by Category
Rp Billion
FY2022
FY2021*
Balance
%Growth
Men's
1.105.264
994.550
110.714
11,13%
Women's
920.120
838.548
81.572
9,73%
Others
19.438
17.212
2.226
12,93%
Net Sales by Segment
Rp Billion
FY2022
FY2021*
Balance
%Growth
Skin Care & Make Up
754.747
638.726
116.021
18,16%
Hair Care
856.059
787.281
68.778
8,74%
Fragrance
417.325
411.758
5.567
1,35%
Others
16.690
12.545
4.145
33,04%
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Disclaimer
PT Mandom Indonesia Tbk published this content on 07 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2023 09:41:03 UTC.
PT Mandom Indonesia Tbk is an Indonesia-based company, which is engaged in the manufacturing and trading of cosmetics, perfumes, cleansing materials and plastic containers, including main materials, machinery and equipment for manufacturing, and the supporting business activity is the import and trading of cosmetics, perfumes and cleansing materials. The Company's brands include Gatsby, Pixy, Pucelle, Tancho, Mandom, Spalding, Lovillea and Miratone. The Company operates through one segment, which is cosmetics. The Company sells its products in both domestic and international markets, including the United Arab Emirates, Malaysia, Japan, Thailand, Philippines, India, Singapore, Korea, Vietnam, China, Hongkong and Taiwan.
PT. MANDOM INDONESIA TBK 
