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Home arrow Latest News arrow Pan Brothers (PBRX) Targets This Year Performance Will Increase


				
			
			
Pan Brothers (PBRX) Targets This Year Performance Will Increase PDF Print E-mail
Written by Maizer   
Thursday, 18 April 2019

High demand for textile products from various countries has eroded performance of PT Pan Brothers Tbk (PBRX) last year which jumped 107%. Therefore, this garment company is optimistic that this year's performance will increase significantly or double digit.

 

PBRX Corporate Secretary Iswar Deni said that seeing the export market's promising conditions is optimistic that it can continue to boost its performance this year. "Planning of this year's growth target of 10-15 percent compared to last year," said Iswar Deni, Corporate Secretary of PBRX.

 

The management claimed that it did not set high growth of these markets, where Iswar said that the company tends to be selective and conservative in pegging it. "It seems that if there is a Free Trade Agreement (FTA) with many countries realized then there is a significant increase," said Iswar.

 

Throughout the year, sales to Europe, which were carried out by PBRX, were still around 15% of net sales or worth US $ 93 million, the growth was only 1% compared to the previous year of US $ 92 million.

 

Meanwhile, during 2018, the Asian market still dominated 56% of the company's revenue, amounting to US $ 586 million, or 19.7% compared to the previous year's US $ 289 million. Followed by the United States (US) market as much as US $ 155 million in 2018 or up 9.1% year on year (yoy).

 

Uniqlo brand is still the main PBRX customer in 2018 which is 31% of net sales or US $ 191 million. This number grew 7.9% compared to the previous year of US $ 177 million.

 

Regarding market prospects, Iswar is optimistic that his growth will always be positive and continue to promise. To be able to compete at the global level, PBRX will focus on value added garment products that are more technologically advanced than other products.

 

 

 
		
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