Elhim Iskra’s Jun’24 sales were down 25.8% YoY; management projects 22.4% YoY decrease in Jul’24 revenue (NEGATIVE)

22.07.2024 Source: Elhim Iskra; FFBH

Elhim Iskra’s Jun’24 sales amounted to BGN 2.6m, down 25.8% YoY, and 5.1% below management’s expectations. Pre-tax loss for the month amounted to BGN 141k, compared to BGN 56k loss a year earlier. 6-mo 2024 sales reached BGN 18.9m (-16.7% YoY), while pre-tax result came to BGN 1.2m loss, compared to BGN 301k profit a year earlier. Management forecasts revenue to decrease 22.4% YoY in July 2024 to BGN 2.3m, which would result in 7-mo 2024 sales of BGN 22.2m (-12.6% YoY).