Stara Planina’s Aug’22 sales jump 45.2% YoY; expectations for Sep’22 are for 19% YoY increase (POSITIVE)

21.09.2022 Source: Stara Planina; FFBH

Stara Planina Hold reported August revenue of BGN 31.4m (+45.2% YoY), in line with the management expectations. Jan-Aug 2022 sales stood at BGN 248.8m (+40.2% YoY), compared to BGN 177.5m a year ago. September 2022 forecast is for 19% YoY increase in monthly revenue (BGN 30.2m), which would result in 37.6% YoY growth of the YTD sales to BGN 279m.