Stara Planina’s Jun’24 sales decreased 40.2% YoY; expectations for Jul’24 are for 36.6% YoY drop (NEGATIVE)
23.07.2024
Source: Stara Planina; FFBH
Stara Planina Hold reported June revenue of BGN 20.7m, down 40.2% YoY, in line with the management’s expectations. 6-mo total sales stood at BGN 138.6m (-33% YoY), compared to BGN 206.8m a year ago. July 2024 forecast is for monthly revenue of BGN 21.6m (-36.6% YoY), which would result in 33.5% YoY decline of 7-mo sales to BGN 160.2m.