Investor Presentaiton
Financial & Performance Highlights | Group Highlights Q3 2023
Revenue (USD 000)
-2%
388,349
367,499
378,877
Gross Profit (USD 000)
22.5%
24.8%
25.0%
+8%
87,357
91,123
94,704
Q3 2022
Q3 2023
Q3 2023 Excl FX
Q3 2022
Q3 2023
Q3 2023 Excl FX
X%
Represents Margin in % of Revenue
Reported revenue was USD 367m, down 5% YOY, impacted by USD 11.4 million in currency devaluation. The slight softening in revenue
can be attributed to global headwinds, FX translations and reduced retail activities. Excluding FX, revenue decline was 2% driven by volume
decline.
Management continues to prioritize quality revenue, operational efficiency and cost optimization through the economic cycle delivering
4% growth in reported Gross Profit and margin improvement. Excluding FX, Gross Profit growth was 8%. A positive impact in Q3 2023
costs contributed to the boost in gross profit.
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