Hydraulic Elements and Systems’ (HES) monthly sales decreased 1% YoY to BGN 6.7m in Feb’25, being 1.8% above the management’s expectations. Pre-tax profit for the month amounted to BGN 787k, compared to BGN 665k profit a year ago. 2-mo 2025 sales stood at BGN 12.4m (-12.8% YoY), while EBT came to BGN 1.1m (-29% YoY YoY) on a margin of 8.7% (-2 p.p. YoY). March 2025 is expected to bring company revenue of BGN 6.6m (-2% YoY), which would bring FY2024 sales to BGN 18.9m (-9.4% YoY).