July 7 (SeeNews) - Bulgarian IoT company Allterco [BUL:A4L] said on Tuesday that it expects its consolidated sales in 2020 to exceed its initial forecast of 34 million levs ($19.6 million/17.4 million euro), after the upbeat performance of its largest unit - Allterco Robotics, in the first half of the year.
Allterco Robotics boosted its sales to 15.9 million levs in the first six months of 2020 from 6.9 million levs in the same period of last year, Allterco said in a bourse filing.
Allterco Robotics has seen increases in its sales in the months since March of over 20%, and is expected to generate traditionally higher sales in the last quarter of the year, Allterco noted.
As at 14:40 CET on Tuesday, Allterco shares traded at 3.80 levs, unchanged from their previous closing price on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)