Investor Presentation 3Q23
Corp
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EGYPT PASSENGER CARS
The segment's volumes recorded a decline of 13.9% y-o-y in 3Q23, however, it made a significant recovery on a quarter-on-
quarter basis with volumes up 98.6% compared to 2Q23. While the passenger car market declined by 22.0% y-o-y and was
up 31.0% q-o-q, revenues for GB Auto increased both q-o-q and y-o-y at 118.2% and 65.6%, respectively, to reach EGP
3,547.5 million on the back of improved pricing and an enhanced product mix. On a YTD basis, volume declined 56.5%,
however, revenues declined at a slower rate, recording an 18.7% decline to EGP 6,369.7 million in 9M23.
3Q22
2Q23
3Q23
Q-o-Q
Y-o-Y
9M22
9M23
Y-o-Y
CBU Sales Volume
(Units)
1,610
592
1,227
-23.7%
10,670
2,003
-81.2%
CKD Sales Volume
(Units)
5,442
2,465
4,845
96.5%
-10.9%
16,695
9,903
-40.7%
Total Sales Volume
(Units)
7,052
3,057
6,072
98.6%
-13.9%
27,365
11,906
-56.5%
Sales Revenue
(EGP million)
2,142.0
1,625.9
3,547.5
65.6%
7,832.2
6,369.7
-18.7%
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GB Corp | Investor Presentation 3Q23
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4:07 Feb.9
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