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Bulgaria's M+S Hydraulic projects 39% y/y fall in Q1 sales

Mar 21, 2024, 3:48:36 PMArticle by Mihaela Miteva
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March 21 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] expects its sales revenue to come in at some 39.1 million levs ($21.7 million/20 million euro) in the first quarter of 2024, it said on Thursday.

Bulgaria's M+S Hydraulic projects 39% y/y fall in Q1 sales
Photo: M+S Hydraulic / All rights reserved.

In the first two months of this year, M+S Hydraulic booked a preliminary gross profit of 4.27 million levs on sales of 27.9 million levs, the company said in a bourse filing.

Turnover in February alone came in at some 13.9 million levs, while gross profit totalled 2.13 million levs.

The company previously posted sales of some 63.6 million levs in the first quarter of 2023.

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

As of 1445 CET on Thursday, shares in M+S Hydraulic traded 0.93% higher at 10.80 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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