PT Blue Bird Tbk Distributes Dividends of IDR 228 Billion Amid Improved Performance in 2023

AEINews – PT Blue Bird Tbk (BIRD) has decided to distribute dividends of IDR 228 billion or IDR 91 per share. This decision was announced at the Annual General Meeting of Shareholders (AGMS) which was held on June 13 2024. This dividend represents 50.27% of the parent entity's net profit in 2023 which reached IDR 453 billion. Shareholders registered in the Bluebird Shareholders Register on June 27 2024 will receive the dividend, with payment scheduled for July 12 2024.

Bluebird's Managing Director, Adrianto Djokosoetono, who is familiarly called Andre, stated that this dividend distribution was a form of commitment and appreciation to shareholders for the trust given, as well as an effort to provide added value. Andre added that throughout 2023, Bluebird has implemented various business policies that have had a positive impact on improving company performance amidst industry challenges.

By the end of 2023, Bluebird operates a total of 23,000 fleets across all its business segments, an increase of around 2,100 units compared to the previous year. The company recorded net income of IDR 4.4 trillion, growing 23% compared to 2022, and higher than revenue before the Covid-19 pandemic of IDR 4.0 trillion in 2019. The company's EBITDA also rose 22% on an annual basis, reaching IDR 1.1 trillion.

Andre emphasized that this solid financial performance is the result of innovative and efficient strategies implemented throughout 2023. Bluebird launched various strategic initiatives in developing transformation pillars through 3M strategy: multi-channel, multi-payment and multi-product, as a commitment to sustainable growth.

In multi-channel, companies focus on increasing customer satisfaction through technology development. Bluebird launched the All-New MyBluebird with the EZPay feature for non-cash payments and the EZPoint loyalty program. For multi-payment, Bluebird has added strategic partners in ordering and payment, including various promotions from payment partners such as credit cards, e-wallets and QRIS.

On the multi-product side, Bluebird introduced BirdMobil as a new business line that offers used car buying and selling and maintenance services, emphasizing Bluebird's dedication to providing integrated transportation services.