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Bulgaria's HES slightly exceeds Aug sales fcast, eyes 2.6 mln euro in Sept

Sep 20, 2019, 11:09:11 AMArticle by Mario Tanev
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September 20 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:4HE] said on Friday that it generated sales revenue of 3.0 million levs ($1.7 million/1.5 million euro) in August, slightly up from its forecast for 2.9 million levs in monthly sales, made last month.

Bulgaria's HES slightly exceeds Aug sales fcast, eyes 2.6 mln euro in Sept
Photo: Hydraulic Elements and Systems / All rights reserved.

HES reported accumulated sales of 42.6 million levs in January-August, up by an annual 3.73%, and expects to generate a further 5.1 million levs in September, the company said in a bourse filing.

If the company meets its September sales expectations, its annual sales growth will accelerate to 4.02% in January-September.

Accumulated gross profit amounted to some 3.5 million levs in January-August.

HES is part of blue-chip industrial group Stara Planina Hold [BUL:5SR].

(1 euro=1.95583 levs)

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