MAP ANNOUNCES 28% SURGE IN NET REVENUE TO A RECORD RP 9.73 TRILLION FOR FULL YEAR 2013
Jakarta, 28th March 2014 – Indonesia’s leading lifestyle retailer, PT Mitra Adiperkasa Tbk (MAP) today announced its financial results for full year 2013. Net revenue soared 28% to a record Rp 9.73 trillion – up from the Rp 7.59 trillion posted in 2012. Operating profit was
Rp 743 billion while net profit for full year 2013 was Rp 328 billion (24% less than last year).
Commenting on the full year 2013 results, Fetty Kwartati, Corporate Secretary of MAP said, “In spite of challenging business environment, we posted our highest ever net revenue of Rp 9.73 trillion. But our overall performance was impacted by escalating wages and rentals, as well as higher interest and forex exchange rates due to the sluggish rupiah which depreciated by 26% against the USD in 2013.”
MAP continued to ignite the Indonesian retail scene with new captivating concepts including Galeries Lafayette, Zara Home, Oakley, Swarovski, Thomas Pink, Cath Kidston, Cotton On, Godiva among many others.
Its retail network increased to 1,779 stores with the opening of 396 new stores (net) in 2013 – further consolidating its position as the dominant market leader in Indonesia. MAP was also nominated for the prestigious World Retail Congress “Best Retailer of the Year” (emerging markets) Award held in Paris, France. Other awards garnered by the company in 2013 include: Taylor Made “Best SEA Distributor” Award, Adidas “Best Multi-Brand Growth” Award and Skechers “International Distributor Retail” Award.
About PT Mitra Adiperkasa Tbk
As of February 2014, MAP has operated 1,792 retail outlets in 58 major cities throughout Indonesia. The major retail concepts under the group include:
- Sogo, Debenhams, Seibu and Galleries Lafayette.
- Zara, Marks & Spencer, Topman, Topshop, Next, Kipling, Lacoste, Nautica, Massimo Dutti, Pull&Bear, Dorothy Perkins, Miss Selfridge, Nine West, Stradivarius, Bershka, Samsonite, Linea, Steve Madden, Swatch, Loewe, BCBGMaxazria, MaxMara, Max&Co, Travelogue, Tumi, Sole Effect, Warehouse, New Look, Hoss Intropia, Staccato, Diva, DKNY, Crabtree & Evelyn, Swarovski and Zara Home.
- Converse, Golf House, Payless ShoeSource, Oakley, Planet Sports, Reebok, Rockport, Skechers, Sports Station, The Athlete’s Foot and The Sports Warehouse.
- Starbucks, Burger King, Domino’s Pizza, Pizza Marzano, Krispy Kreme, Cold Stone Creamery Ice Cream, Godiva and Chatterbox.
- Kidz Station, Oshkosh B’Gosh, Barbie Boutique and Stride Rite.
- Kinokuniya and Alun Alun.
Apart from retailing, the group is also the leading distributor of over 120 international brands including Airwalk, Batman, Converse, Diadora, Lotto, Reebok, Speedo, Superman, Thomas & Friends, and many more. For more information about MAP please visit www.map-indonesia.com
For more information, please contact:
Fetty Kwartati
Corporate Secretary
PT Mitra Adiperkasa Tbk
Wisma 46, 8th fl. – Kota BNI
Jl. Jend. Sudirman Kav. 1
Jakarta 10220
Phone : 021 575 0755 (direct)
Fax : 021 574 0150
Email : fetty.kwartati@map.co.id