Investor relations
Providing an accurate account of company affairs to investors with strategic responsibility through Financial Highlights and Stock highlights along with Annual Reports. Announcements on our page also facilitate investors to receive the required information.
Information on the TENDER OFFER
The Company is part of the Michelin group, which operates in a global tire business that is extremely competitive. To stay competitive, one of the keys to Michelin Group’s business strategies is to create an internal integration to allow the sharing of resources amongst various parts of its worldwide operation with the aim to leverage the economies of scale that come about from such global enterprise. The integration is also aimed to allow the Company to react quickly and respond to various changes in the global tire market. The proposed change of the Company’s status to a private company would provide the Company with more flexibility to achieve such integration.
Currently, 0.36% of the Company’s shares are held by Independent Shareholders, and such shares are not actively traded in IDX and are relatively illiquid. With the Go Private and Delisting plans, it is expected that the Independent Shareholders will have a chance to dispose of their shares at a premium price.
The Go Private Plan has been approved by public shareholders in the EGMS which was conducted on 18 December 2024. With the approval, Company plans to proceed with the Tender Offer process in which public shareholders who are interested to sell their shares at a premium price have to completed and submitted all the required documents and procedures outlined in Tender Offer Statement to Share Registrar as follows:
Biro Administrasi Efek
PT Raya Saham Registra
Gedung Plaza Sentral, Lt. 2
Jl. Jend. Sudirman Kav. 47-48
Jakarta 12930, Indonesia
Telepon: (62-21) 2525666
Faksimili: (62-21) 2525028
Email: pengkinian.masa@registra.co.id
The Second Tender Offer Period will commence on 20 February 2025 at 09.00 West Indonesia Time and ends on 14 March 2025 at 16.00 Western Indonesia Time.
Tender Offer Acceptance Form
Power of Attorney
Financial publications
(In USD)
Key financial Highlights | 2023 | 2022 | 2021* |
|---|---|---|---|
Net Sales | 488 891 053 | 464 665 801 | 463 204 971 |
Gross Profit | 195 719 521 | 141 742 405 | 130 428 090 |
Profit for the year | 75 341 548 | 52 912 831 | 50 302 117 |
Profit | |||
Owners of the parent | 75 341 718 | 52 912 579 | 50 300 596 |
Non - Controlling Interest | (170) | 252 | 1 521 |
TOTAL | 75 341 548 | 52 912 831 | 50 302 117 |
Total Comprehensive Income Attributable to : | |||
Owners of the parent | 74 420 548 | 52 701 997 | 50 468 022 |
Non - Controlling Interest | (96) | 3 | 1 522 |
TOTAL | 74 420 452 | 52 702 000 | 50 469 544 |
Earnings per share (expressed in US Dollar cents) | 0, 82 | 0,58 | 0,55 |
Basic and diluted | |||
Total Assets | 523 557 484 | 462 933 465 | 522 383 562 |
Total Liabilities | 142 556 456 | 138 101 162 | 250 253 259 |
Total Equity | 381 001 028 | 324 832 303 | 272 130 303 |
Operating ratio in % | |||
Gross Profit/Net Sales | 40 | 31 | 28 |
Net Profit/Net Sales | 15 | 11 | 11 |
Gross Profit/Equity | 51 | 44 | 48 |
Net Profit/Equity | 20 | 16 | 18 |
Gross Profit/Assets | 37 | 31 | 25 |
Net Profit/Assets | 14 | 11 | 10 |
Financial Ratio in % | |||
Current Ratio | 198 | 141 | 156 |
Debt to Total Assets Ratio | 27 | 30 | 48 |
Debt to Equity Ratio | 37 | 43 | 92 |
Average Inventory Turnover (X) | 7 | 6 | 6 |
Average trade Receivables Collectibility (x) | 5 | 5 | 5 |
* As restated
2025
2025 - 17 February
Second Tender Offer Statement
2025 - 20 January
Tender Offer Statement
2024
2024 - 24 December
Tender Offer Statement
2024 - 13 December
Second Addendum of Disclosure of Information
2024 - 18 December
Summary of Minutes Extraordinary General Meeting of Shareholders
2024 - 11 December
Third Invitation Extraordinary General Meeting of Shareholders
2024 - 28 November
Addendum of Disclosure of Information
2024 - 25 November
Second Invitation Extraordinary General Meeting of Shareholders
2024 - 13 November
Summary of Minutes Extraordinary General Meeting of Shareholders
2024 - 7 November
Changes Abridge Disclosure of Information
2024 - 19 October
Invitation Extraordinary General Meeting of Shareholders
2024 - 4 October
Abridge Disclosure of Information
2024 - 4 October
Announcement Extraordinary General Meeting of Shareholders
2024 - 23 April
Annual Report Year 2023
2024 - 23 April
Invitation Annual General Meeting of Shareholders
2024 - 5 April
Announcement Annual General Meeting of Shareholders
2023
2023 - 16 October
Invitation Extraordinary General Meeting of Shareholders
2023 - 27 September
Announcement Extraordinary General Meeting of Shareholders
2023 - 22 May
Invitation Annual General Meeting of Shareholders
2023 - 5 May
Announcement Annual General Meeting of Shareholders
2023 - 30 April
Annual Report Year 2022
2022
2022 - 24 May
Invitation Annual General Meeting of Shareholders
2022 - 9 May
Announcement Annual General Meeting of Shareholders
2022 - 30 April
Annual Report Year 2021
2022 - 24 March
Audited Financial Statement of 31 December 2019
2021
2021- 21 December
Acquisition of PT Michelin Indonesia
2021 - 5 August
Invitation Annual General Meeting of Shareholders
2021 - 21 July
Announcement Annual General Meeting of Shareholders
2021 - 30 April
Annual Report Year 2020
2020
2020 - 30 April
Annual Report Year 2019
2019
2019 - 8 July
Change in Corporate Secretary
2019 - 30 April
Annual Report Year 2018
2019 - 11 March
Change in Controlling Shareholders
2019 - 8 March
Announcement regarding Changing on Company's Shareholder
2019 - 24 January
Announcement regarding Plan of Changing on Company's Shareholder
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