How will MSN in 2022 grow in profit, revenue, and development?

According to the publication of the unaudited business report of Masan Group (MSN) on April 28, The CrownX (TCX), the integrated consumer-retail platform WinCommerce (WCM) and Masan Consumer Holdings (MCH), achieved net revenue of VND13,450 billion, up 7.3% y/y in 2021 thanks to MCH’s revenue growth efforts and the increase in the number of stores at WCM.

Masan: Q1 profit increased 8 times over the same period

In the first quarter of 2022, WCM opened 109 new points of sale, showing the strong growth momentum of this retail system. WCM is the only large-scale retail chain with a significant increase in the number of stores in the first 4 months of 2022. As a result, WCM revenue increased by 0.8% YoY and 5.7% QoQ. April 2021.

With a plan to open 300 new stores in the second quarter of 2022 and the expectation of revenue growth at existing points of sale, WCM expects revenue in the second quarter of 2022 to increase by 6% compared to the same period in 2021 and is expected to high growth momentum towards the end of 2022.

Due to the impact of the transfer of the animal feed business, MML’s revenue decreased by 80.2% year-on-year to VND 931 billion in 1Q2022, including revenue from the meat business only.

MML’s net sales decreased slightly by 5.4% due to lower pork prices while increasing sales volume. It is expected that the upward trend in meat prices across the market will support profit margins, while expanding product lines and increasing selling points (in the WCM system and other sales channels) will boost growth. revenue from Q2/2022 onwards.

In the first 3 months of the year, Masan’s consolidated net revenue reached VND 18,189 billion, down slightly by 8.9% compared to VND 19,977 billion in 1Q2021 due to the impact of the transfer of the animal feed business. Excluding revenue from the LFL-based feed segment, net sales grew 11.9% y/y thanks to double-digit growth at MCH and MHT as well as a slight increase in revenue at WCM. .

Profit after tax increased by 452.5%, reaching 1,895 billion VND in 1Q2022. EAT for shareholders of the parent company increased by 753.5% in 1Q2022, reaching VND 1,596 billion compared to VND 187 billion in 1Q2021.

At the end of the first quarter of 2022, Masan’s total consolidated debt reached VND 58,436 billion, an increase of VND 258 billion compared to the end of 2021.

It is forecasted that in 2022, Masan Group’s consolidated net revenue will be estimated at VND 90 trillion – VND 100 trillion, up 22% – 36% compared to VND 74.2 trillion (excluding food revenue). livestock) in 2021. Profit after tax is estimated to be in the range of VND 6.9 thousand – 8.5 trillion, an increase of 82% – 124% compared to VND 3.8 trillion in 2021 (after when excluding the one-time income from the transfer of the feed segment).

For The CrownX, it is expected that net revenue in 2022 will be in the range of VND 68 trillion – VND 76 trillion, up from 17% to 31% compared to 2021.
WCM’s net revenue is expected to range from VND 38 trillion to VND 40 trillion, up 23% to 29% compared to 2021, thanks to revenue growth of existing stores and the opening of more points of sale. new.

The expansion of the number of stores adopting the new layout, focusing on fresh products, private labels and accelerating the mini mall model will be a strong growth driver in the future. The Group aims to increase profit margins through increased negotiations with peers, cutting logistics costs and improving distribution capabilities.

MCH: Net revenue is expected to reach VND 34 trillion – VND 40 trillion, up 18 – 39% compared to 2021.

MML: Net revenue is expected to be in the range of VND 5 thousand – 6.5 trillion, up 11 – 45% compared to VND 4.5 trillion in the same period (excluding animal feed) thanks to the expansion of the portfolio branded pork and chicken, increasing distribution through WCM. Profits are expected to improve further thanks to higher capacity utilization and sales growth from processed meat.

Regarding the new business segment, it is expected that in the fiscal year 2022, Phuc Long’s revenue will reach from VND 2.5 thousand to VND 3 trillion, thanks to the expansion of the network of private stores and kiosks in WCM as well as diversification. catalog of tea and coffee products. In 2022, Reddit aims to attract 500,000 – 1,000,000 subscribers.

Chairman of the Board of Directors of Masan Group, Mr. Nguyen Dang Quang shared: “The philosophy of ‘consumer-centered’ has led Masan to transform dramatically into the consumer-technology platform it is today. “Consumer trust” will never change and is always the guideline for Masan to create and pioneer new consumer trends. In particular, “Artificial Intelligence” is the driving force behind transformation, helping Masan create unique products and services for each individual at the most optimal cost.

PV