Bulgarian Rose beats Q1 sales forecast

In March alone, the company posted a preliminary profit of 33,000 levs, while sales amounted to 563,000 levs, Bulgarian Rose said in a bourse filing. In comparison, it booked a loss of 27,000 levs and sales of 278,000 levs in the same month of last year.

Sales in April are forecast at 330,000 levs, bringing revenue for the first four months of 2024 to some 1.38 million levs.

Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body and hair using rose oil and locally-grown herbs. The company is part of local diversified group Stara Planina Hold [BUL:SPH].

Shares in Bulgarian Rose last traded on March 26 when they closed at 2.00 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)