PT Avia Avian Tbk (AVIA) Reports Record Profit and Strong Growth in 2023

PT Avia Avian Tbk (AVIA), a leading paint manufacturer, has achieved remarkable financial performance in 2023, surpassing analyst consensus estimates and demonstrating robust growth across key metrics.

Strong Financial Results:

AVIA reported a net profit of Rp 1.64 trillion for the fiscal year 2023, exceeding analyst consensus estimates of Rp 1.5 trillion. This represents a significant increase compared to 2022, with a growth rate of 17.3%.

The company achieved its highest net profit margin in the past five years, reaching 23.4%, indicating improved efficiency and profitability.

Enhanced Profitability:

From an EBITDA perspective, AVIA recorded Rp 1.928 trillion in 2023, with an EBITDA margin of 27.5%, reflecting strong operational performance. This marks a growth of 15.8% compared to the previous year.

The increase in profitability can be attributed to higher gross profits and effective cost control measures implemented by the company.

Revenue Growth and Product Expansion:

AVIA generated sales of Rp 7.02 trillion in 2023, driven by strong demand for its products. The company introduced two new products in the anti-leak coating category, namely No Drop Plus 3in1 and No Drop Basic, which contributed to revenue growth.

In addition to anti-leak coatings, AVIA launched four new products for wall paints and two products for wood and metal coatings, diversifying its product portfolio and catering to a wider range of customer needs.

Outlook and Future Growth:

The management of AVIA remains optimistic about the company's future prospects and aims for double-digit growth in the upcoming year. They are committed to maintaining their momentum through continued dedication, hard work, and innovative initiatives.


PT Avia Avian Tbk's outstanding performance in 2023 reflects its strong market position, effective strategic initiatives, and commitment to delivering value to shareholders. With record profits, enhanced profitability, and successful product launches, AVIA is well-positioned to sustain its growth trajectory and capitalize on opportunities in the paint manufacturing industry.

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