Investor Presentation 3Q23
Corp
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EGYPT TIRES
Revenue increased by 10.9% y-o-y to reach EGP 459.0 million in 3Q23 on the back of improved pricing strategies and solid
demand. On YTD basis, revenue grew 3.7% y-o-y to reach EGP 1,266.1 million in 9M23. Management is confident that
demand is healthy to drive the segment's performance as long as adequate supply is secured.
Tires in: Egypt
LASSA
YOKOHAMA
TVRES
DOUBLECOIN WEST LAKE
DOUBLECOIN GOOD YEAR
TECHKING GOOD YEAR
TIRE SOLUTIONS
TIRES
PERFORMANCE TIMES
GOOD YEAR THUNDERER
WEST LAKE
SUNFULL
PERCHANCE PRES
DOUBLECOIN
SUNFULL WEST LAKE
PERFORMANCE TIMES
Passenger car tires
LASSA THUNDERER
TYRES
SUNFULL
Light truck tires
3Q22 2Q23 3Q23 Q-o-Q Y-o-Y 9M22 9M23 Y-o-Y
Total Sales
Revenue
(EGP million) 413.9 464.9 459.0 -1.30% 10.9% 1,220.8 1,266.1 3.7%
GB Corp | Investor Presentation 3Q23
THUNDERER ECHKING
Truck tires
TIRE SOLUTIONS
MRF
WEST LAKE
PERFOMANCE THES
Off-the-road (OTR) tires
Egypt Tires 5-Year Revenue Progression
(all figures in EGP million)
459.0
413.9
391.7
330.2
305.6
3Q19
3Q20
3Q21
3Q22
3Q23
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