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Bulgaria's M+S Hydraulic beats H1 sales fcast, eyes 4.6 mln euro in July

Author Mario Tanev
Bulgaria's M+S Hydraulic beats H1 sales fcast, eyes 4.6 mln euro in July Photo: M+S Hydraulic / All rights reserved.

SOFIA (Bulgaria), July 22 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said that it booked sales of 59.42 million levs ($34.1 million/30.4 million euro) in the first half of 2019, slightly exceeding its forecast for sales of 59.08 million levs in the review period.

The company expects to generate a further 9.21 million levs in sales in July, M+S Hydraulic said in a bourse filing on Friday.

Preliminary gross profit totalled 8.32 million levs in the January-June period of 2019, down from 11.38 million levs in the same period of 2018, reported previously by the company.

M+S Hydraulic said at the end of 2018 that it expects its revenue in 2019 to amount to some 124 million levs, same as in 2018.

M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR]. 

(1 euro = 1.95583 levs)

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