JAKARTA – The performance of PT Unilever Indonesia Tbk (UNVR) has been slowed down since the COVID-19 pandemic in 2020. The revenue and profit of this issuer have shrunk 6.32% and 10.51% year-on-year (yoy) in 2023.

Based on the data compiled by IDNFinancial today (12/2), this consumer goods company recorded revenue of IDR 42.97 trillion in 2020, in the early days of COVID-19, with profit of IDR 7.16 trillion. In 2021, its revenue decreased to IDR 39.54 trillion, while its net profit shrank to IDR 5.78 trillion.

The revenue managed to climb to IDR 41.21 trillion, but the profit kept slipping to IDR 5.36 trillion in 2022. Last year, its revenue was once again cut to IDR 38.61 trillion, while its profit was stuck at IDR 4.80 trillion.

The decreased profit in 2023 resulted from higher marketing and sales expenses, as well as general and administrative expenses. They dragged operating profit of UNVR to IDR 6.27 trillion in 2023 from IDR 7.06 trillion in 2022, while the profit before taxes slipped to IDR 6.20 trillion from IDR 6.99 trillion in 2022.

Domestic sales were recorded at IDR 37.40 trillion, while its export reached IDR 1.20 trillion. For comparison, in 2022, domestic segment turned in IDR 39.47 trillion of revenue, and export sales were seen at IDR 1.74 trillion.

Household products dominated the sales with IDR 25.10 trillion, followed by food and beverages of IDR 13.46 trillion. Meanwhile, in 2022, household products sales were recorded at IDR 27.2 trillion, and food & beverages contributed sales of IDR 13.96 trillion. (LK/ZH)