Ho Chi Minh City, January 30, 2023, Digiworld Corporation (DGW) announced a business performance for the quarter IV/ 2023 with net revenue of VND 4,849 billion and profit of VND 90 billion.

Thus, Digiworld recognised VND 18,818 billion in revenue and VND 354 billion in profit for the whole year of 2023. The Company achieved 94% of set revenue plan and 89% of set annual plan.

Specifically, the business performance of quarter IV/ 2023 of categories are as follows:

• Laptop & tablet: in the Quarter IV/ 2023, its recognised revenue was VND 1072 billion - a decrease of 10% compared to the same period in 2022. For such laptop and tablet products, since consumers bought a lot in the third quarter due to effect of the back-to-school shopping season, their spending decreased in the fourth quarter. In addition, 2023 is considered as a difficult economic year making the consumers to tighten their budget, reduce the need to change devices.
• Mobile phone: it is still a major contributor to Digiworld's revenue structure over the past years; in the Quarter IV/ 2023, the mobile phone category recognised the revenue of VND 2,204 billion. With the launch of iPhone 15, a Apple's much-awaited product, the fourth quarter was expected to be a peak quarter with strong growth. However, the difficulties of the economy made consumers more considerate when purchasing high-value goods, leading to lower consumption than expected. Regardless, Digiworld's recent Quater IV revenue for this category still achieved a growth rate of 24% compared to the third quarter of 2023 and the same period in 2022. By the end of 2023, its revenue was recognised VND 8,067 billion, reaching 92% of the annual plan.
• Office equipment: the revenue of this category in Quarter IV reached VND 1,124 billion, a strong growth of 42% over the same period and an increase of 24% compared to the previous third quarter. This Digiworld's growth is as a result of successfully acquiring 75% of Achison company, and the revenue of labor protection equipment products was merged with the revenue of Digiworld. Furthermore, the end of the year like such fourth quarter is the peak time for budget disbursement for projects, so this category benefited when its main customers were public businesses, agencies, governments, and schools. By the end of 2023, the office equipment category earned VND 3,441 billion reaching 90% of annual plan.
• Home appliances: it was recognised a growth of 31% over the same period and an increase of 44% compared to the previous quarter with revenue of VND 234 billion. This impressive growth is due largely to the contribution from Whirlpool home appliances and Xiaomi televisions as these products have been increasingly known and chosen by more consumers. The revenue of such home appliances achieved VND 728 billion for year 2023.
• Consumer goods: it was recognised VND 215 billion in revenue, a strong growth of 57% over the same period in 2022, and this category also increased 26% in revenue compared to the previous quarter. The revenue increase of consumer goods is a result of revenue from beer products of AB Inbev Group and products of Lotte Chilsung brand that Digiworld just signed the cooperation in early 2023. At the end of the year, the consumer goods category reached VND 676 billion in revenue and had an impressive growth of 70% compared to 2022.

Quarter IV/2023

Unit: Billion dong

For the year

Unit: Billion dong

Despite 2023 experienced general domestic and global economic challenges, still in a downward trend in all aspects and industries, truly a year of "Fire proves gold", Digiworld still ended the year with the Quart IV of most categories experiencing impressive double-digit growth, notably the consumer goods with a growth of 57%, and the Company also achieved a total annual revenue growth of 19% over the same period last year. In addition, Digiworld also had a continuous growth compared to adjacent quarters in 2023.

For Digiworld, such recognised growth results comes from significant driving force of the Sustainable Development strategy that the Company has adopted for many years. Specifically, Digiworld reaches a sustainability by continously searching for new products, brands, and categories, diversifying revenue sources for example the coorperation with Xiaomi, Apple in ICT field, more recently, it becomes a partner of Whirlpool, Westinghouse to develop the home appliances and cooperates with AB Inbev and Lotte Chilsung to penetrate deeper into the consumer goods industry. The performance of Digiworld's strategy is proven by such numbers with a significant contributor of new brands.

In 2024, Digiworld will continue to pursue sustainable development goals in many aspects with an "elevating and level up" manner supported by previously complete, meticulous investments such as digitalization with SAP S/4HANA CLOUD & IFRS solution and upgrade to new infrastructure and facilities. Accordingly, Digiworld aims to provide a more valuable and classy, comprehensive market development service chain enhancing its competitive advantage to continue conquering many brands, continuing its billion-dollar company's journey to sustainable development.