SOFIA (Bulgaria), April 24 (SeeNews) – Bulgarian diversified group Stara Planina Hold [BUL:SPH] said it forecasts its consolidated revenue to slip by 7.7% on the year to some 89.7 million levs ($52.4 million/45.9 million euro) in the first four months of 2025.
The company’s revenue went down by an annual 11.6% in January-March to nearly 65.6 million levs, Stara Planina Hold said in a bourse filing on Tuesday.
The total preliminary gross result of the company’s four main subsidiaries, including hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] and machine engineering company Hydraulic Elements and Systems [BUL:HES], was a profit of some 3.29 million levs in the review period. Battery manufacturer Elhim Iskra [BUL:ELHM] and cosmetics producer Bulgarian Rose [BUL:ROZA] recorded preliminary losses in the first quarter.
Only Bulgarian Rose is expected to increase its sales revenue in the four months through April, by 6.7% year-on-year to 1.46 million levs. In contrast, Elhim Iskra’s sales are seen to fall by 16%, while M+S Hydraulic’s and HES’ sales are expected to decline by 6.1% and 3.8%, respectively.
Shares in Stara Planina Hold last traded on April 17 when they closed at 8.10 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)