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Bulgaria's M+S Hydraulic expects 5% rise in 2022 sales

Bulgaria's M+S Hydraulic expects 5% rise in 2022 sales Photo: M+S Hydraulic / All rights reserved.

SOFIA (Bulgaria), January 21 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] said on Friday that it expects its sales to grow to 159 million levs ($92.2 million/81.3 million euro) in 2022.

In 2021, M+S Hydraulic booked a preliminary gross profit of 20.9 million levs on sales of 151.5 million levs, the company said in a bourse filing.

Earlier, M+S Hydraulic reported sales of 102.5 million levs for 2020.

The company forecasts sales of 14.8 million levs for January, up from 10.7 million levs reported in the same month of 2021, the statement read.

As at 14:05 CET on Friday, shares in M+S Hydraulic traded 1.64% lower at 9 levs on the Sofia bourse.

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

(1 euro = 1.95583 levs)

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