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Bulgaria's HES grows 8-mo sales 34% y/y, eyes 37% rise in 9-mo sales

Bulgaria's HES grows 8-mo sales 34% y/y, eyes 37% rise in 9-mo sales Photo: Hydraulic Elements and Systems / All rights reserved.

SOFIA (Bulgaria), September 21 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:HES] said on Tuesday that its sales revenue rose by 34.2% year-on-year in the first eight months of 2021, to 44.5 million levs ($26.7 million/22.7 million euro), after recording sales of 5.9 million levs in August.

Sales in September are expected to amount to 6.5 million levs, which would result in a 37.2% annual increase in the company's sales in the first nine months of this year, HES said in a stock exchange filing.

Shares in HES closed flat at 6.70 levs on the Bulgarian Stock Exchange on Monday.

Yambol-based HES is part of local industrial group Stara Planina Hold [BUL:SPH].

(1 euro = 1.95583 levs)

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