ERAA – Performance optimization through business expansion

ERAA – Performance optimization through business expansion Erajaya Swasembada (ERAA) expects an improvement in performance despite with higher long-term debt at IDR3 tn in 1H24. According to ERAA, the increase in debt will only have a short-term effect due to the use of funds for productive activities and business expansion. This year, ERAA has planned to open 200 outlets; 150 Digital Era outlets and 50 Blue Era outlets. Moreover, ERAA has also planned to open 50-60 new outlets in the active lifestyle segment. ERAA expects that its 2H24 performance would be on top of higher consumer demand and market expansion, especially with a possibility of lower interest rates. Currently, ERAA is trying to reduce its operational costs through several programs in 2024-2025. (Source : Kontan)