ADB Election Ends Q2, Sales Signals Rebound

ADB #Thunhoon – ADB shines after the election, the domestic economy is bustling Encourages sales in the second quarter of 2023 to recover, speed up cost control and exchange rate ready to adjust strategies for purchasing raw materials Stick to the wings to expand more domestic and international bases.

Ms. Pornpiwan Niramoncherdchai, Managing Director of Applied DB Public Company Limited or ADB, a plastic compound business operator. And the adhesive and sealant product group revealed that in the 1st quarter of 2023, the company’s revenue had a decline of approximately 17%.Because the plastic compound product group that focuses on the customer base used to produce electrical cables for the government sector and general work to support the construction of the private sector Affected by the decrease in demand in the production of wires and cables, but in terms of plastic resins for general use grades. which grew significantly in the past quarter.

** Grout recovery
while in the adhesive and sealant group is considered to be improving It will focus on the customer base in the construction and repair sector in the private sector. and used in footwear and leather goods Most of which are adhesive products for bonding. which needs glue In such groups, it has increased from the previous year as the company has expanded the market for industrial adhesive products to more foreign countries such as Nigeria, etc.

for the automotive industry Most of them are small adhesive and grout products, DIY products used in repairing or decorating cars, car accessories, etc.

In addition, in the first quarter of 2023, the cost structure of raw materials, resins and additives or plasticizers in the global market is still considered to be fluctuating in raw material prices. due to reference to oil prices in the world market including rising interest rates It causes the company to have higher financial costs as well. As a result, the company lost during the first quarter of 2023 at around 18.36 million baht.

***Q2 better sales
However, the company expects the operating results in the second quarter of 2023 to improve after the election. This will support the domestic economy to be more active. causing better consumption spending coupled with the company’s high-priced inventory will be able to manage better It is expected that the profit and loss statement can be improved within this quarter.

As for the trend in the second half of the year, the company sees that The overall picture in the country is expected to improve. As for exports abroad, it is still a concern due to the possibility of inflation and a slowdown in the world. In addition, the company plans to penetrate more domestic and international markets. By finding new markets by going to exhibitions abroad to find more customers.