SIDO - Optimizing export performance

SIDO - Optimizing export performance SIDO aims to boost export sales. As of 1H23, Sido has expanded its export reach to 16 countries. However, only three of these countries are the primary focus of export destination development: Malaysia, the Philippines, and Nigeria. Note that, export sales contributes around 5%-6% of SIDO's total sales, which is mainly from the F&B segment. SIDO aims to maintain its export sales contribution to total sales within the same range (5%-6%) by the end of this year. SIDO is going to adjust its previous target; 10%-15% for revenue and profit, on the back of ongoing challenges on consumer purchasing power. SIDO had set IDR197 bn for 2023' capital expenditure, which is mainly for equipment and projects. In 1H23, SIDO' sales reached IDR1.65 tn (+2.58% yoy) and a net profit of IDR448.10 bn. (Source: Kontan)