SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
SEE TOP 100
arrow
Browse SEE TOP 100
Latest in SEE TOP 100
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Bulgaria's HES expects 22% y/y decline in H1 sales

Jun 21, 2024, 12:36:23 PMArticle by Mihaela Miteva
share
June 21 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems [BUL:HES] said on Friday that it expects its sales revenue to fall by 22.44% on the year in the first half of 2024.

Bulgaria's HES expects 22% y/y decline in H1 sales
Photo: Hydraulic Elements and Systems / All rights reserved.

Sales in June alone are projected at 5.69 million levs ($3.12 million/2.91 million euro), HES said in a bourse filing.

The company's revenue declined by 21.2% year-on-year in the first five months of 2024, while its preliminary gross profit amounted to 2.4 million levs. Sales in May alone came in at 6 million levs, with preliminary profit totalling 113,000 levs.

Yambol-based HES is part of local diversified group Stara Planina Hold [BUL:SPH]. As of 1135 CEST on Friday, shares in HES traded 0.92% lower at 5.40 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.