Investor Presentaiton
24
95
100
100
Q1 2015
Q2
105
105
Q3
Q4
to
110
20
Q1 2010
115
120
03
04
Q1 2017
02
Source: European Commission, WTO
125
130
135
DESPITE INCREASE IN COSTS COMPANIES REMAIN GLOBALLY COMPETITIVE
AND PROFITABLE
Expansion of market share globally has continued despite appreciation in the real effective exchange rate; corporate
profitability remains healthy
REER deflated by ULC and export market share
(2015 = 100)
Profit margins
(profit after taxes to equity; 4-quarter moving average %)
Q3
Q4
Q1 2018
Q2
Q3
Q4
Q1 2019
Q2
Q3
Q4
Q1 2020
Q2
Q3
Q1 2021
REER deflated by ULC
0
LV goods export market
share in world market
-5
Q1 2022
Q2
Q3
Q4
Q1 2023
Q2
-10
5
10
15
20
25
30
Manufacturing
-Transportation
ICT services
-Agriculture, forestry
Total
Source: Central Statistical Bureau of Latvia
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2018
2019
2020
2021
2022
2023View entire presentation