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UNVR – Performance Results Remain Weak

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Cindy Alicia
Cindy Alicia
Analyst - Consumer, Healthcare
Cindy Alicia
Latest posts by Cindy Alicia (see all)
  • Company Report | Actively Developing Non-Smartphone Business - May 25, 2023
  • Company Report | Unrealized Forex Gains Bring 1Q23 Net Profitto Significant Growth - May 19, 2023
  • Company Report | Moderate Growth in 2023 - May 10, 2023

UNVR’s sales in 2021 booked an 8.0% decline YoY. The F&R segment supported total sales, with growth of 1.4% YoY to IDR12.17 tn. The decline in sales also resulted in net profit down by 19.6% YoY. Meanwhile, the F&R segment is expected to boost UNVR’s future performance through creating innovative products amid the consumer’s low purchasing power.

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