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WOOD TARGETS THE 2019 REVENUE GROWTH MAY REACH 50% YOY
Sidoarjo, December 21st, 2018
In 2019, PT Integra Indocabinet Tbk. (WOOD IJ) will increase current capacity utilization rate (both furniture and building components), increase rattan furniture product capacity, optimize floorbase / plywood capacity and start to launch 3 new products. The 3 new products to be launched this year are White Prime Molding/ Millwork, Wooden Blind and Metal Furniture The overall plan would likely to boost our revenue growth by 50% YoY. Details of the 2019 product development and capacity expansion are shown in blow table:
The White Prime Molding/ Millwork will be one of our main revenue growth contributors with about 12% contribution towards the total revenue in 2019. As we mentioned in our previous News Release, WOOD has signed Memorandum of Understanding (MOU) with one of the US based leading building component product distributor and retailer, which WOOD will supply White Prime Molding/ Millwork and expected to consistently grow and reach full capacity of 250 containers/month. The full capacity of the White Prime Molding/Millwork is expected to be equal to approximately 50% of the 2018 consolidated sales.
Concurrently, the Wooden Blind, Metal Furniture, Rattan Wood Furniture, and Plywood will contribute 5%, 3%, 4%, and 8% respectively of the total 2019 revenue. While the rest growth contributor would be coming from our existing production capacity.
In 2019, the net profit margin is still expected to be in the range of 10% to 12%.