Message from Chairman
Mr. Sathien Setthasit
Carabao Group Public Co., Ltd.
Last year was another year in which Carabao Group Company Limited made an impressive turnover, with revenue continuing to grow as a result of the synergy and dedication of all administrators and employees, who persevered in offering customers optimal products and services, under the Carabao Group’s culture in which we strive to work with mastery, proficiency, and accuracy.
All of this had led to last year’s operating income of THB 12,904 million, an increase of THB 2,961 million or a rise of 29.8% from the previous year, with 61% from domestic sales and 39% from foreign sales. Compared with the previous year’s sales, sales of energy drink at home alone accounted for 55% while overseas sales accounted for 45%; in the previous years, domestic sales accounted for 64% while overseas sales accounted for 36%. We can see that domestic growth rate was 19%, while overseas growth rate was 50%. This is the proof that our company’s strategy of speeding overseas sales went well as we have envisioned it to be “World Class Product, World Class Brand.”
Apart from this, Carabao Group stresses the importance of implementing world-class manufacturing innovations to improve our products and services in response to our customers’ need across the globe. Simultaneously, we are boosting our technological capacity in support of future production and services.
Human resource development and modernizing administrative structure in accordance with ethics, corporate governance, and optimum business management will lead our company to the forefront of corporates with sustainable development, which is our mission alongside our operation to drive our growth.
On behalf of the board members, I owe a great debt of gratitude to all of you–shareholders, those involved in the success today, who have always been supportive, and the executives as well as all employees for dedicating your heart and soul to driving our company forward. I owe million thanks to all business allies for your consistent cooperation with our company. I wish you all and your families happiness and success in all you ever dream of.