Bulgaria's M+S Hydraulic beats Oct sales fcast, eyes 4 mln euro in Nov

The company expects to generate a further 7.8 million levs in sales in November, M+S Hydraulic said in a bourse filing.

M+S Hydraulic pocketed sales of 11.2 million levs and 10 million levs in October and November 2018, respectively, according to data reported previously by the company.

The company reported accumulated sales of 102.9 million levs in the January-October period of 2019, and a preliminary gross profit of 13.6 million levs. In the first ten months of 2018, the company announced sales of 106.3 million levs and a preliminary gross profit of 15.3 million levs.

M+S Hydraulic said at the end of 2018 that it expects its revenue in 2019 to be around 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)