Elhim Iskra’s Oct’22 sales up 15.9% YoY; management projects 26.5% YoY increase in Nov’22 revenue (NEUTRAL)

22.11.2022 Source: Elhim Iskra; FFBH

Elhim Iskra’s Oct’22 sales amounted to BGN 3.9m (+15.9% YoY), 3.2% above the management expectations. Pre-tax profit amounted to BGN 52k, compared to BGN 163k loss a year earlier. Jan-Oct 2022 sales reached BGN 37.6m (+15.5% YoY). YTD pre-tax loss came to BGN 256k compared to a BGN 738k profit a year earlier. Management forecasts revenue to increase 26.5% YoY in November 2022 to BGN 4.3m, which would result in YTD sales of BGN 41.9m (+16.5% YoY).