Everpia has affirmed the leading position
22/04/2015
Everpia has affirmed the leading position.
In 2015, with VND 950 billion in revenue and VND 95 billion in profit after tax targets, increasing respectively 21,6 % and 13,3 % in comparison with 2014, Everpia Vietnam JSC has affirmed the leading position in Bedding and Padding markets.
Foundations
After seven years of equitization, from a factory in Hanoi, until now, Everpia expanded more a factory in the North (Hung Yen) and a factory in the South (Dong Nai). The distribution system expands continuously from 154 agents in 2007 to 627 in all Vietnam. Despite the slow economic recovery, Everpia still maintains its growth in net revenue, reached VND 781 billion, increased 4 % yoy. The Company’s average growth rate in seven years has been 23% in revenue and 34% in profit.
Besides occupying the leading position in Bedding and Padding markets (with the rate of 29 % and 22 % respectively), EVE has continuously expanded business, diversified product series and established distribution channels which suitable with new market trends. In 2014, the Company has had some activities such as: expanding B2B business; increasing export revenue; launching new production lines: Everon Furniture and Everon Home Décor.
Growth potential
In 2015, positive forecasts of the economy growth, improvement of CPI index and warming signs of real estate market will contribute to increase demand of bedding products and furniture. In addition, exports will have a breakthrough from joining some free trade agreements, such as Trans-Pacific Partnership (TPP), FTA with the EU, Korea… to create a new chance for Everpia Vietnam in expanding the market and finding more customers for exporting both Bedding and Padding products. To catch the opportunities from TPP, many businesses have been entering Vietnam to invest in production inputs. In the near future, it is foreseeable that the Company can fully buy raw materials in domestic, decrease exchange rate risks and get benefits from FTAs by increasing the localization of the products.
To prepare for internationalization trends and affirm the Company products level, Everpia has signed technology transfer and exclusive distributor in Vietnam agreements with the world famous brands as StyleMaster - Australia spring mattress and Dacron Invista Duvet and Pillow insert products - United States. With these product series, the Company not only focus to domestic market, but also towards demanding export markets such as the US, Japan and Europe.
The competitive advantages from products and the great opportunities from economic will help Everpia to create mutation of market expansion and revenue growth from 2015. This is an important basis for Everpia Vietnam’s BOM to propose 2015 business plan with VND 950 billion of revenue and VND 95 billion of profit after tax, increasing respectively 21.6% and 13.3% compared with 2014. This business plan will be proposed at General Shareholders’ Meeting 2015 on April 24th, 2015.
Share to be success
With the philosophy “share to be success”, in recent years, the interests of employees, customers, partners and shareholders is central element in the Company’s sustainable development objectives. The company shares with employees through welfare, safety and friendly working environment. It shares with consumers through high-quality products, safe for users and friendly with the environment. For shareholders, beside disclosure of the Company’s activities quarterly under the provisions of law, the Company also sends Analysis Reports, which are updated financial situation and activities of the company, to shareholders. Cooperating with securities and media companies to update and provide full information of the Company’s activities.
In a new development phase, the Company needs sharing and cooperation of all shareholders to complete the growth targets, maintain the market share and expand both domestic and export market. The consensuses from shareholders not only help the Company to stabilize business, implement of targets which are assigned by the shareholders, bring greater benefits to shareholders but also create sustainable values in the future.
With the philosophy “share to be success”, in recent years, the interests of employees, customers, partners and shareholders is central element in the Company’s sustainable development objectives. The company shares with employees through welfare, safety and friendly working environment. It shares with consumers through high-quality products, safe for users and friendly with the environment. For shareholders, beside disclosure of the Company’s activities quarterly under the provisions of law, the Company also sends Analysis Reports, which are updated financial situation and activities of the company, to shareholders. Cooperating with securities and media companies to update and provide full information of the Company’s activities.
In a new development phase, the Company needs sharing and cooperation of all shareholders to complete the growth targets, maintain the market share and expand both domestic and export market. The consensuses from shareholders not only help the Company to stabilize business, implement of targets which are assigned by the shareholders, bring greater benefits to shareholders but also create sustainable values in the future.