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Bulgaria's M+S Hydraulic projects 43% y/y fall in H1 sales

Jun 21, 2024, 12:11:30 PMArticle by Mihaela Miteva
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June 21 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] expects its sales revenue to amount to 72.26 million levs ($39.6 million/36.9 million euro) in the first half of 2024, it said on Friday.

Bulgaria's M+S Hydraulic projects 43% y/y fall in H1 sales
Image source: Hydraulics Network

In the first five months of this year, M+S Hydraulic booked a preliminary gross profit of 6.94 million levs on sales of 61.42 million levs, the company said in a bourse filing.

Turnover in May alone came in at some 10.68 million levs, while gross profit totalled 747,000 levs.

The company previously posted sales of some 126.3 million levs for the first half of 2023.

M+S Hydraulic is an affiliate of local diversified group Stara Planina Hold [BUL:SPH]. As of 1110 CEST on Friday, shares in M+S Hydraulic traded 1.94% lower at 10.10 on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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