Bulgaria's M+S Hydraulic predicts 39% y/y drop in Jan-April sales

In the first quarter of this year, M+S Hydraulic booked a preliminary gross profit of 4.74 million levs on sales of 38.8 million levs, the company said in a bourse filing.

Turnover in March alone came in at some 10.85 million levs, while gross profit totalled 515,000 levs.

The company previously posted sales of some 83.17 million levs for the January-April period of 2023.

M+S Hydraulic is an affiliate of local diversified group Stara Planina Hold [BUL:SPH]. Shares in M+S Hydraulic last traded on Friday when they closed at 10.80 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)