ACES – Preparing to introduce the new brand

ACES – Preparing to introduce the new brand Aspirasi Hidup Indonesia (ACES) has posted revenue of IDR6.2 tn (+13% yoy) and net profit of IDR574 bn (+18% yoy) in 9M24. ACES's revenue consists of 52% of the home improvement segment, 42% of the lifestyle segment and 6% of the toy segment. Furthermore, ACES posted an SSSG of 9.8% yoy in 9M24. With this performance improvement and the opening of 16 new stores, ACES is also preparing to introduce the new brand after the license with Ace Hardware International is not renewed. Note that, ACES has 243 stores in 74 cities in Indonesia. (Source : Investor Daily)