Central Retail breaks a record for Q4’s performance in ’21 Turn over the whole year with profit-revenues jumping over 1.95 billion.
Date 26 Feb 2022 time 14:35
Central Retail reveals the last curve of 64 Doing well until turning around all year back to be profitable. Closing revenue of 195,654 million baht, preparing to bring MEB business to the SET this year
Mr. Yon Phoksap Chief Executive Officer of Central Retail Corporation Public Company Limited (CRC) said that Central Retail continued to break the highest record. Announcing success with results of the 4th quarter of 2021 with revenue of 58,765 million baht, plus 15% EBITDA of 8,031 million baht, plus 42%, net profit of 2,464 million baht, plus 124%, enabling it to close the year 2021 by turning a net profit of 277 million. Baht EBITDA 20,059 million baht from total revenue 195,654 million baht
“Despite the prolonged exposure of the COVID-19 pandemic in Thailand, Vietnam and Italy, Central Retail continues to manage its business to be profitable and generate good returns for its shareholders. with a dividend of 0.30 baht per share.” Mr Yon said
Hardline supports growing retail portfolios
As for Thailand’s retail business performance in 2021, it comes from the fact that the company has a Multi-Category platform. This makes it possible to modify the portfolio to keep up with the changing needs of customers. by focusing on the hard line business group which is in line with consumer trends As a result, this group has grown considerably. And sales are more than 26% higher than before the epidemic of Covid 19.
Along with expanding a total of 5 Thai Watsadu branches and opening 15 new stores under go! WOW in just 3 months in 2021, which has been well received by customers. Reinforcing Leadership on Omnichannel Home Improvement Platform
In addition, the company has also merged with COL comprising OfficeMate, B2S and will lead the business MEB Leader in the E-Book business and the Thai novel reading website will be listed on the stock exchange by 2022.
for food business has continued to expand the business in 2021 from the opening of Tops 46 more supermarkets, fashion business It showed the highest growth in the fourth quarter compared to any other quarter in the past two years and continues to be positive.
Continued investment plans in Vietnam
for Vietnam market The company still has a continuous investment plan. with renovations and branch expansion Reinforcing its leadership in the hypermarket and lifestyle mall market, covering both the main city and the secondary city
and also expanding into the food market By opening a new format mall mini go! that targets mass customers and has opened Tops Market to cover all customer groups in Vietnam Despite Vietnam’s woes due to the coronavirus, stores had to close in both the second and third quarters, Central Retail’s sales in Vietnam grew more than 8% over the pre-COVID period, and EBITDA grew around 9% from a year ago.
Renacente facelift, Italy, receive tourism recovery
for business in Italy The company has renovated its 3 flagship stores, Rinascente, Milan, Florence and Rome, using during Italy’s lockdown period and completing renovations in time for the country’s opening in mid-2021. To have business results and the number of customers to grow continuously due to purchasing power from domestic shoppers and tourists from Europe return
As a result, sales in the 4th quarter returned to 99% before the COVID-19 situation. Italy’s full-year sales have recovered approximately 30% year-on-year growth and EBITDA is more than four times higher than last year.
Mr. Yon said the property business Branches have been expanded and renovated in both Thailand and Vietnam with the opening of GO! Lifestyle Mall in Vietnam and Robinson Lifestyle Mall in Thailand, a total of 6 branches. Robinson Lifestyle Mall has maintained an Occupancy Rate of more than 90% and the number of customers entering the shopping center has continued to increase.
By the end of 2021, Central Retail will have Robinson Shopping Center, Lifestyle, Tops Plaza and GO! Lifestyle Mall has a total of 69 branches and has a rental area of over 650,000 square meters, an increase of 10% from last year.
In addition, in the part of Central Retail, the organization and personnel have been upgraded in terms of technology development by adjusting the corporate culture to be Digital-First Culture and develop the Omnichannel Platform to be the most perfect To create the identity of Central Retail as the leader in Omnichannel platform, sales through this platform accounted for 20% of total sales and grew 109%.
It also develops the CRC Data Ecosystem and develops new technologies for all business groups. to support the exponential growth Reinforcing its leadership in retail of the future