January 20 (SeeNews) - Bulgarian producer and distributor of organic products Smart Organic [BUL:SO] said that its consolidated sales revenue rose by 36.7% year-on-year in the fourth quarter of 2021, reaching 13.6 million levs ($7.9 million/7 million euro).
Smart Organic's sales through the amazon.de platform marked the highest annual growth rate, jumping eleven-fold in the fourth quarter, the company said in a statement earlier this week.
Sales on the organic producer's own online stores for Bulgaria and the EU added 38% on the year in the last quarter of 2021.
As at 15:40 CET on Thursday, shares in Smart Organic changed hands 0.54% higher at 18.70 levs on the Bulgarian Stock Exchange.
The producer of organic foods made its debut on the Sofia bourse's SME growth market BEAM on December 3, following an initial public offering (IPO) in which it raised almost 5.9 million levs.
Smart Organic said last month its sales grew by 28% on the year in October, reaching 4.9 million levs, and increased by annual 46% in November to 4.8 million levs.
Smart Organic was founded in Sofia in 2009 and is currently among the leading producers and distributors of organic food in Europe. Through its network of distributors and retailers, the company's products are available in more than 60 countries worldwide - in the EU, as well as in Asia and the Americas, according to information published on Smart Organic's website.
The company is making most of its products at its own factory in Sofia which spreads on over 6,000 sq.m.
(1 euro = 1.95583 levs)