Bulgaria's M+S Hydraulic 9-mo sales slightly miss f’cast

In September alone, sales came in at 17.9 million levs, short of M+S Hydraulic’s projections of 18.16 million levs, the firm said in a bourse filing on Thursday.

The company also reported a preliminary gross profit of 29.1 million levs for the first nine months of 2022, including 3.8 million levs in September.

In comparison, M+S Hydraulic last year posted nine-month sales of 110.3 million levs and September sales of 14.06 million levs. According to the earlier statement, preliminary gross profit stood at 16.2 million levs in the first nine months of 2021 and at 2.64 million levs in September.

Looking ahead, M+S Hydraulic forecast sales of 18.7 million levs for October 2022. This would bring to 179.8 million levs the projected sales for the first ten months of the year.

As at 0931 CEST, shares in the company traded flat at 8.90 levs on the Bulgarian Stock Exchange.

M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:SPH].

(1 euro = 1.95583 levs)