Bulgaria's M+S Hydraulic expects 45% y/y rise in 11-mo sales

In the ten months through October, M+S Hydraulic recorded revenue of 180.45 million levs, the company said in a trading update filed with the Bulgarian Stock Exchange.

M+S Hydraulic previously reported sales of 138.8 million levs in the first eleven months of 2021.

Next month, the company projects sales revenue to come in at 21.1 million levs compared to 14.65 million levs in November 2021.

M+S Hydraulic also said it booked a preliminary gross profit of roughly 33 million levs in the first ten months of the current year.

In October alone, the company's preliminary gross profit amounted to some 3.85 million levs on sales of 19.4 million levs, according to the filing.

Shares in M+S Hydraulic, which have risen by around 3% in the past 12 months, closed flat at 8.75 levs on the Bulgarian Stock Exchange on Friday.

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

(1 euro = 1.95583 levs)