M+S Hydraulic’s Sep’25 sales up by 7.7% YoY; Oct’25 management guidance is for 15.9% YoY growth (NEUTRAL)
22.10.2025
Source: M+S Hydraulic; FFBH
M+S Hydraulic reported September’25 sales of BGN 11.4m (+7.7% YoY), 3.3% below management's expectations. Pre-tax profit for the month amounted to BGN 0.8m, unchanged compared to a year ago. 9-mo 2025 sales were BGN 104.6m, up 2.1% YoY, while pre-tax earnings for the period decreased to BGN 7.6m (-18.4% YoY). Management forecasts October’25 revenue of BGN 14.2m (+15.9% YoY), which would result in a 3.6% YoY increase of YTD sales to BGN 118.8m.