Mobile World Investment (MWG) Q3 2022 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2022 earnings summary
6 Nov, 2026Executive summary
9M22 net revenue rose 18% YoY to VND102.816tn; NPAT increased 4% to VND3.493tn.
10M22 revenue grew 15% YoY to VND113.7tn; October revenue declined 11% YoY, while BHX reached EBITDA breakeven at company level.
Financial highlights
9M22 revenue reached 73% of the VND140tn FY22 target; NPAT reached 55% of the VND6.35tn target.
October net revenue was VND10.9tn, down 11% YoY; 10M22 net revenue was VND113.7tn, up 15% YoY.
Outlook and guidance
An Khang is prioritizing operating efficiency and promotions to attract customers; it does not target net profit during its current expansion phase.
Potential TGDD/DMX sales growth includes upgrading strong DMS stores to DMX mini and converting TGDD stores to DMS in suitable areas.
Partial view of Summaries dataset, powered by Quartr API
Latest events from Mobile World Investment
- FY2021 growth and record January sales set the stage for ambitious 2022 targets.MWG
Q4 2021 - October revenue rebounded to VND12,000bn as stores reopened and Topzone launched.MWGQ3 2021
- Q1 revenue grew 18%; TGDD and DMX led while BHX continued its recovery.MWGQ1 2022
- 1H revenue grew 13%, while BHX restructured its network amid a tough comparison base.MWGQ2 2022
- FY22 revenue grew, but profit fell short; FY23 hinges on a late demand recovery.MWGQ4 2022
- October returned to YoY growth as 9M profit remained sharply lower.MWGQ3 2023
- Q1 profits plunged, but BHX grew and April revenue rebounded over 20% MoM.MWGQ1 2023
- Revenue and profit contracted sharply in 1H23 as BHX improved and 2H cost and pricing actions took priority.MWGQ2 2023
- FY2023 earnings plunged, while Bach Hoa Xanh reached break-even ahead of 2024 targets.MWGQ4 2023