PT Avia Avian Tbk (AVIA) Q3 2024 earnings summary

Executive summary

• Q3 2024 consolidated sales reached IDR 1.8 trillion, up 7.8% year-on-year, with net profit at IDR 352 billion, a 5.4% increase compared to Q3 2023.

• Nine-month net revenues were Rp5,404,728 million, up 4.7% year-on-year, with net profit for the period at Rp1,160,123 million.

• Gross profit rose 11.2% year-on-year to IDR 776 billion in Q3, with a gross margin of 43.5%.

• EBITDA for Q3 was IDR 427 billion (24% margin); nine-month EBITDA exceeded Rp 1.4 trillion (26.5% margin).

• Inflationary pressures have eased, but consumer spending remains weak amid a challenging economic environment.

Financial highlights

• Architectural solutions sales grew 4.7% year-on-year to IDR 1,352 billion; trading goods sales rose 18.7% to IDR 432 billion in Q3.

• For the nine months, consolidated gross profit was IDR 2.4 trillion, up 5.4% year-on-year, with a gross margin of 44.5%.

• Basic and diluted EPS for the period was Rp18.96, up from Rp18.41 in the prior year.

• Cash and cash equivalents rose to Rp2,364,252 million from Rp1,230,544 million at year-end 2023.

• Operating cash flow for the period was Rp1,245,159 million, up from Rp1,155,621 million year-over-year.

Outlook and guidance

• FY 2024 sales value growth is guided at 6–10%, with volume growth of 4–8%.

• On track to achieve full-year 2024 guidance, with sustainable growth strategies and market share gains.

• Focus on optimizing operations, strengthening ESG initiatives, and prudent capital management.

• Plans include launching new products, expanding distribution centers, and continuing the share buyback program.