Elhim Iskra’s Sep’24 sales were down 10.8% YoY; management projects 35.9% YoY decrease in Oct’24 revenue (NEGATIVE)

21.10.2024 Source: Elhim Iskra; FFBH

Elhim Iskra’s Sep’24 sales amounted to BGN 2.1m, down 10.8% YoY but 4.4% above management’s expectations. Pre-tax loss for the month amounted to BGN 254k, compared to BGN 175k loss a year earlier. 9-mo 2024 sales reached BGN 26.1m (-14.6% YoY), while pre-tax result came to BGN 2.1m loss, compared to BGN 203k loss a year earlier. Management forecasts revenue to decrease 35.9% YoY in October 2024 to BGN 2.3m, which would result in 10-mo 2024 sales of BGN 28.4m (-16.9% YoY).