#Stay updated – COM7 reveals that in 2024 it aims for revenue growth of 10% to receive purchasing power that will gradually recover. Launching new products to stimulate the market, including focusing on online platforms and House Brand products, along with looking for opportunities to further expand the retail business. and see that this year You will ensure more profit from the business you invest in. In terms of distribution channels, an additional 150 branches are expected to open. From the end of 2023, there will be 1,356 distribution channels covering the whole country. COM7 announced its results for 2023, generating revenue of 69,559.5 million baht, with the majority of the company’s profit equal to 2,857.2 million baht Green pays a dividend of 0.70 baht per share.
Mr revealed Sura Kanitthaweekul, CEO of Com7 Public Company Limited or COM7, that COM7 is aiming for 2024 revenue growth of 10% from the previous year from organizing IT and technology products along with comprehensive services. Willing to move forward with products that meet consumer needs Accept the economic situation and regain purchasing power, including managing inventory control and reducing reserves. and interest costs are expected to be effectively reduced, while businesses invested in 2023 have not yet returned profits as expected. But we believe we will start to see a clear picture and support COM7 to have a strong profit base this year.
In addition, COM7 believes that the company’s smartphone group is doing well, accounting for around 60% of sales in 2023 and growing against the growth direction of the domestic smartphone market, while the forecasts for the first quarter of 2024 open. and has benefited from the Easy E-Receipt measure to support purchasing power during the first half of the year, including focusing on developing online sales channels. Being an important tool for increasing sales
For ADEPT businesses that operate wholesale businesses In the past year The company has canceled wholesale distribution of Realme brand products and added new partners such as Infinix Tecno and Benco brands. And most recently in 2024, it was appointed as the sole distributor (Sole Distributor) for the TCL brand to wholesale smartphone and tablet products. and also sees it as an opportunity to add new products through the company’s branch stores in order to generate additional income
In 2024, the aim is to open 150 new branches.
Distribution channel It aims to open around 150 new branches in 2024, reflecting that business is still going well. Although the overall picture of the IT market last year did not look good, But this year it is expected to improve. It will open in shopping centers and focus more on the Standalone format due to the accumulation of experience and implementation Key Success of independent expansion, ensuring that in 2024 we will be able to expand our growth cost-effectively and obtain faster returns. o At the end of 2023, the Company had a total of 1,356 branches under management, an increase of 194 branches from 2022, an increase from the expansion of the Company’s branches to 79 branches and from the acquisition of BebePhone assets, 115 branches (in 2022 there was a Total number of branches: 1,162 branches)
For the BeBePhone store in which the company has invested in 2023 to overcome the Accessories group, although it still has a poor performance. This is because last year management and systems were in place to create readiness for growth. It is seen that this year BeBePhone will start generating good income and profit. By planning a strategy to distribute Brand House products through branch stores.
Ready to capture the used iPhone market under the BaNANA SURE brand Last year, we tried to open the Shop-in-Shop format within 6 BaNANA stores, which received a good response. It is expected that the distribution channels this year will be added to approximately 50 branches. The domestic used mobile phone market has many devices, so we see this as an opportunity. For the IT product insurance business This is a new business under the name iCare Insurance. There is not much profit in 2023 from recognizing income gradually according to the period of the agreement. But it will increase significantly this year and next year. From the response of customers who buy more insurance along with the product.
Including the increase of the drugstore business under the Dr.Pharma brand, sales by branch are still doing well. But admit that the costs are still high. which we will manage better this year and a pet restaurant under the Pet Paw brand name. The strategy is to focus on online platform customers. It is expected that the operating results will be better than last year.
Regarding the progress of investing in Gold Integrate Company Limited, which holds 40% of shares, to operate a business selling electric cars under the Aion brand in 2023, 5 branches are already open for in-store servicing departmental, and about 2,000 have been provided. vehicle
Furthermore, COM7 previously purchased 40% of the shares of Double Seven Company Limited or DOU7 (a subsidiary of the Company) from Sabai Fulfillment Company Limited or SBFFM (a subsidiary of Sabai Technology Public Company Limited) or SABUY), causing the Company’s stake in DOU7 to increase from approximately 60% to 100% of DOU7’s registered capital. Therefore, in 2024, the Company will recognize 100% of its profit share from DOU7.
Meanwhile, 2023 operating results were affected by the slowdown in consumer spending throughout the year. Especially at the end of the year, which is expected to be the company’s high season, including rising costs. As a result, the company The majority of the company’s profit was 2,857.2 million baht, a decrease of 5.9%, with sales and service income equal to 69,559.5 million baht, an increase of 10.9% compared to the previous year. From the launch of new products, the smartphone product line has very interesting technology. Overall, same-store revenue growth in 2023 (Same Store Sales Growth) increased 7.0% (excluding branches closed for renovations that have less than a full year’s sales days in the census).
to reward shareholders Board of Directors Meeting It was decided to propose to the 2024 Annual General Meeting of Shareholders at a rate of 0.70 baht per share to determine the names of shareholders who are entitled to receive dividends on March 8, 2024 (Record Date) and decide on the dividend payment. shareholders on May 10, 2024
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