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20240329_HYGN_Laporan Informasi dan Fakta Material_31621168_lamp1.pdf
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PT ECOCARE INDO PASIFIK TBK HIT RECORD PROFIT IN FY2023 FINANCIAL
RESULTS, EXPECTING MORE TO COME POST IPO EXERCISE
JAKARTA, 29 MARCH 2024 – PT EcoCare Indo Pasifik Tbk (“HYGN” or the “Company”), a trailblazer in
the hygiene services industry, is pleased to announce its financial results for the financial year ended 31
December 2023 (“FY2023”).
The Company experienced robust growth across all segments, achieving record-breaking revenue and
profit figures, signalling a promising outlook for future growth and expansion. Revenue for FY2023 reached
Rp235.64 billion, marking a substantial increase from Rp184.46 billion in the preceding year (“FY2022”),
representing a growth rate of 26.4%. Profit after tax surged to Rp18.55 billion, compared to Rp15.03 million
in FY2022, reflecting a growth rate of 23.4%.
In the Hygiene services segment, revenue for the year totalled Rp150.80 billion, representing an 8.3%
increase compared to the same period in 2022. Hygiene services contributed 64.0% to FY2023's total
revenue, highlighting its significant role in the Company's financial performance. Meanwhile, in cleaning
and sanitation services segment, FY2023’s revenue reached Rp64.56 billion, showcasing an increase of
86.9% compared to FY2022. Sanitation services contributed 27.4% to the total revenue. Finally, the Pest
Control services segment FY2023’s revenue reached Rp20.28 billion, showcasing an increase of 60.3%
compared to FY2022 and contributed 8.6% to the total revenue for the year.
This strong performance is attributed to the strong demand for the company’s hygiene, pest control, and
cleaning services, which has resulted in significant growth across all segments. The Company's strategic
focus on organic growth, coupled with increased expenditures on cross-sales initiatives and digitalization
developments in 2023, has yielded exceptional results.
Group Chief Executive Officer of HYGN, Wincent Yunanda, commented on the Company's
achievements, stating: "FY2023 has proven to be an unprecedented milestone for HYGN, marked by our
relentless pursuit of excellence through organic expansion and strategic investments in cross-sales and
digitalisation initiatives. As we embark on the journey into 2024, we are poised to leverage the substantial
capital and enhanced reputation stemming from our recent IPO, propelling us even further along our growth
trajectory. With a steadfast commitment to innovation, efficiency and customer-centric strategies, we are
confident in our ability to capitalize on emerging opportunities and deliver sustained value to our
stakeholders."
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Looking ahead, HYGN is poised for continued success in 2024, buoyed by the momentum generated from
its recent IPO. The Company anticipates increased pipeline activity and inquiries across all segments,
supported by favourable macro trends such as a growing awareness of health and hygiene practices and
development of Tier 2 and Tier 3 cities in Indonesia. Furthermore, HYGN concluded FY2023 with a
recurring order book and annual contract portfolio totalling Rp235 billion, providing a steady foundation for
continued performance and expansion in 2024.
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ABOUT PT EcoCare Indo Pasifik
PT Ecocare Indo Pasifik Tbk (“HYGN” or the “Company”), a leading entity in the industry of hygiene services, originally established
in 2007 under the name PT Indocare Pacific.
HYGN’s business model spans three key branches: hygiene services, pest control services, and cleaning services with 24 branches
across Indonesia, facilitating improved customer service, broader customer outreach, and expansion across its three business
verticals.
At the core of HYGN’s foundation lies a team of pioneers with over 30 years of experience in the industry, propelling the Company
into the spotlight. Acknowledging the paramount importance of hygiene, HYGN is unwaveringly committed to delivering top-notch
services and introducing innovative products that minimise the reliance on chemicals, opting instead for natural ingredients.
To learn more, visit https://www.ecocare.id/
Issued By : PT EcoCare Indo Pasifik Tbk
Date : 29 March 2024
For more information, please contact:
Heny
Corsec PT EcoCare Indo Pasifik Tbk
Email : corsec@ecocare.co.id
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