HES July’17 sales up 29.1% YoY, the Aug’17 sales projected to increase 33.7% YoY (POSITIVE)

Hydraulic Elements & Systems (HES) announced preliminary July sales of BGN 4.7m, up 29.1% YoY and 0.6% higher than the management’s guidance for the month. The company expects its August sales to grow by 33.7% YoY to BGN 2.9m (-37.8% MoM), bringing the 8-mo revenue to BGN 36.5m, up 17.2% YoY.