Investor presentation Q3 2022

The global political and economic turmoil forced Wellis Group off the planned business track,

Overall demand for home spa products collapsed in 2022, as a result of growing energy prices, high inflation and lower real discretionary income on its main markets (Western Europe, USA)

Despite the lower demand Wellis Group managed to maintain its sales volumes and increase its sales revenue as a cumulative effect of price increase and HUF deterioration, Significant increase of operational costs.