PT ACE Hardware Indonesia Tbk is an Indonesian retail company engaged in the business of home improvement and lifestyle products. At the end of 2015, the company managed a network of 117 retail stores in various large cities across Indonesia. With a total floor area of more than 300,000 square meters, ACE Hardware is the largest modern network in the retail home improvement and lifestyle business in Indonesia. The company is the master franchise/license holder of the ACE Hardware brand in Indonesia (appointed by the US-based ACE Hardware Corporation).
|Industry Sector||Trade, Services & Investment|
|Industry Sub Sector||Retail Trade|
|Established||3 February 1995|
|Listed||6 November 2007|
|Listed Company Code||ACES|
|Major Shareholders (>5%)||Kawan Lama Sejahtera (59.97%)|
|Key Subsidiaries||Toys Games Indonesia|
Stock Quote ACE Hardware Indonesia - ACES:
The graph below shows a steep decline as ACE Hardware conducted a stock split with a ratio of 1:10 in November 2012. This measure was taken to increase the company’s share liquidity.
Ace Hardware Indonesia sells more than 80,000 products. These products are categorized in three main segments:
• Home improvement
In 2010, ACE Hardware introduced the 'Toys Kingdom' retail concept to Indonesia. Its Toys Kingdom outlets are toy stores that specifically aim at children but also at the adult and adolescent markets through a diverse collection of collectible items, family games and baby products (including world-class brands). At end-2015, the company had 27 Toys Kingdom stores.
ACE Hardware has been recording solid growth in recent years as Indonesia's retail business is growing amid a positive macroeconomic environment: the country has a large population with increasingly higher purchasing power. One characteristic of the Indonesian economy is that household consumption is the main driver of economic growth, accounting for approximately 55 percent of the country's total GDP growth. Important for ACE Hardware is that this growth gives rise to a booming property and real estate sector, and thus people need more home appliances.
The company’s main strategy for business expansion is the opening of new stores throughout Indonesia.
ACE Hardware Indonesia's Financial Highlights:
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
² numbers adjusted to 1:10 stock split
Source: ACE Hardware, Annual Report 2015
Kawan Lama Building 5th Floor
Jalan Puri Kencana No. 1
Meruya Kembangan, Jakarta 11610
Phone: +62 21 582 2222
Fax: +62 21 582 4022