Company Report | [UNVR] Robust Margin Expansion

Coal Average Selling Price Increase

UNVR recorded 9M23 sales of IDR 30.5 trillion, and on a quarterly basis, during 3Q23 the company managed to record sales growth. It occurred in both QoQ (+5.4%) and YoY (+1.4%) driven by growing domestic sales and an increase in underlying volume of 4.3%. Overall, 3Q23 margins expanded with GPM recorded higher at 50.5% (vs 3Q22: 45.7%) followed by OPM which grew to 17.9% (vs 3Q22: 15.3%), and NPM which also managed to expand to 14.0% (vs 3Q22: 11.7%).

Asset Growth

UNVR recorded 9M23 sales of IDR 30.5 trillion, and on a quarterly basis, during 3Q23 the company managed to record sales growth. It occurred in both QoQ (+5.4%) and YoY (+1.4%) driven by growing domestic sales and an increase in underlying volume of 4.3%.