Sopharma Trading’s sales add 1.5% YoY in Mar’22; monthly EBT decreased 21.7% YoY (NEUTRAL)

29.04.2022 Source: Sopharma Trading; FFBH

Sopharma Trading’s unconsolidated sales added 1.5% YoY in March to BGN 95.3m, while YTD sales came to BGN 255.5m (+7.7% YoY). Monthly pre-tax earnings decreased 21.7% YoY to BGN 3.6m and the respective margin was down to 3.7%. 3-mo 2022 EBT advanced 9.3% YoY to BGN 8.4m, while EBT margin gained 0.1 p.p. YoY to 3.3%.