Message from Chairman
Mr. Sathien Setthasit
Carabao Group Public Co., Ltd.
In 2018, Thai economy grew by 4.1 percent, which was the highest rate in six-year period. This was the result of the private consumption and investment as the main mechanism that drove the economic growth. Operating result of our conglomerate for the accounting year ending on 31st December 2018 constantly increased for both domestic and international businesses, with the total sales revenue of 14,463 million Baht. This amount showed an increase of 1,558 million Baht or 12.1 percent compared to the previous year. Meanwhile, the net profit to shareholders was 1,159 million Baht.
Even though the domestic market of energy drinks constantly declined in 2016-2017, it rebounded to show expansion at 0.2 percent in 2018. The outlook for 2019 expects that Thai economy will grow approximately 3.5-4.5 percent. This is a good sign for Carabao in increasing the domestic sales next year.
For the international market, Carabao Group (CBG) are determined to build the brand “Carabao” to be recognized worldwide by maintaining communication through the Football Platform. Organizing the EFL football tournament under the name of “Carabao Cup” with worldwide live broadcast and supporting the Chelsea Football Club have a positive impact on Carabao‘s brand recognition, and increase the opportunity to expand the market through new trading partners in foreign countries.
CBG has continuously followed the strategic plan with strong determination to bring the organization to the international level with the vision: “World class Product, World class Brand”. To reach the goal in manufacturing products to meet international standards for both domestic and international distribution, the company has invested in integrated production base in Bangpakong District, Chachoengsao Province. The production base consists of the glass bottles manufacturing factory (APG) and aluminum cans manufacturing factory (ACM), which supply materials to the energy drinks manufacturing factory (CBD). In this regard, the company sets up the production system by using modern technology and machinery together with the management controlled by the computer system in every process. All of our factories are considered as one of the most modern factories in this region. At the same time, the company also takes into account the sustainable development of the organization. Therefore, the company focuses on developing quality of personnel within the organization and improves the organization to support the competition in the international market.
In the name of the board of directors, we would like to thank the supporters and shareholders for your support and trust, and our executives and staffs for your devotion in performing your duty with carefulness and adherence to the morality in accordance with the ethics and corporate governance. Lastly, may happiness and success be with you and your family always.