PT Unilever Indonesia Tbk (UNVR) optimistic can maintain its financial performance even though just off one of its business portfolio, Taro Snack, the PT Tiga Pilar Sejahtera Food Tbk (Aisa).
UNVR Corporate Secretary, Sancoyo Antarikso said, the Company believes that the main business portfolio home and personal care categories and food and beverages can cover the contribution of the missing after the sell Taro. In the first half of 2011, home and personal care segment accounted for sales of Rp 8.39 trillion or about 73.15% of the Company's total sales of Rp 11.46 trillion. Moderate food and beverages segment accounted for sales of Rp 3.08 trillion or 26.85% of total sales.
In addition, a new body care products acquired UNVR few months ago that Sara Lee has begun to contribute to the sale of the Company. Sancoyo said Sara Lee's current contribution is still low. However, the Company believes contributions Sara Lee will continue to increase because this brand has a strong image in the eyes of consumers. "Sara Lee and other portfolio can certainly compensate for the sale of Taro," said Sancoyo on Monday (15 / 8).
Two things were believed to be able to continue to hoist UNVR financial performance which has been fairly good. In the first half of this year, for example, UNVR print sales growth of 15.54% to Rp 11.46 trillion. The Company also recorded a net profit of Rp 2.07 trillion, up 16.84% from the first half of 2010 of Rp 1.77 trillion.
Financial performance as it is believed will continue to grow with increasing public demand. Unfortunately, Sancoyo reluctant to reveal sales and growth targets of net profit until the end of this year. "We can not lay out short-term targets like that, but it will certainly increase over the first half," said Sancoyo.
UNVR also continue to sharpen the radar to sniff out opportunities to acquire other companies in order to replace the existence of Taro. UNVR really opens up the possibility to acquire another company if the business portfolio and the price is right. Unfortunately, Sancoyo reluctant to reveal which companies are being targeted by the Company.
For your information, on Friday (12 / 8), UNVR and Aisa signed conditional sale and purchase agreement (CSAP) Taro Snack, with transaction value estimated at Rp 200 billion. UNVR decision to sell Taro UNVR aims to align the portfolio with global principals. Understandably, all this time, only Unilever Indonesia have snacks business segment.
UNVR also looked at the division of snacks that are less developed. During this time, the contribution of Taro estimated only about 2% of total sales of the Company. This makes the Company decided to sell the division to Aisa.