In today’s briefing:
- Adi Sarana Armada (ASSA IJ) – Adapting Speedily to the New Reality
Adi Sarana Armada (ASSA IJ) – Adapting Speedily to the New Reality
- Adi Sarana Armada (ASSA IJ) provides unique exposure across Indonesia’s mobility ecosystem from car leasing to auctions and omnichannel used car sales together with logistics and last-mile delivery.
- The company booked relatively strong sales growth last year, with very strong growth from used cars and logistics with slower auctions but profitability was impacted by bigger losses at Anteraja.
- The outlook for 2023 looks more positive for both sales and profitability, with the ongoing growth in used car sales, recovery in the auction business, and last mile under Anteraja.
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