Overview for YTD September 2024:
- From ASI data, domestic cement market grows +1.6% from combination of contraction in bag market of -2.0% and growth in bulk market of +10.9%.
- Bulk cement composition reaches 30.7% vs. 28.1% last year, the construction of new capital city remains to be the main driver.
- Indocement recorded domestic (cement and clinker) volume of 14,550 thousand tons up to September 2024, +9.4% higher from the same period last year mainly contributed from Semen Grobogan Factory. Total exports were 189 thousand tons or down -57.6%.
- Our domestic cement market share for YTD September 2024 is 29.7% with Java 37.8% and outside Java 21.1%.
- Raised price of bag products around June and August/September with total YTD increase about 3% to 4%.
- Net Revenues is at IDR 13,320.7 billion, +3.0% higher mainly due to addition of Semen Grobogan sales.
- Cost of Revenues increase +4.5% to IDR 9,237.7 billion from higher volume and additional overhead costs in Maros and Grobogan.
- Margin for EBITDA is at 19.0% or IDR 2,531.6 billion and Profit for the Period at 7.9% or IDR 1,055.9 billion.
- Current share buyback program up to IDR 895 billion (including fees, etc.) will end on December 31, 2024, so far the spending is about 50%.
For another Indocement Financial Reports can be seen at this link!
