January 22 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said that its sales in 2019 fell by an annual 12.01% to 108.9 million levs ($61.7 million/55.7 million euro).
M+S Hydraulic expects to book revenue of some 106 million levs in 2020, it said in a bourse filing on Wednesday.
In December alone, M+S Hydraulic generated sales of some 5.96 million levs, slightly above its forecast for sales of 5.50 million levs in monthly sales.
In January, the company expects to book sales of 9.14 million levs, down from its previously reported sales of 10.25 million levs in January 2019.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)