Stara Planina’s Oct’22 sales jump 33.3% YoY; expectations for Nov’22 are for 35.9% YoY increase (POSITIVE)

23.11.2022 Source: Stara Planina; FFBH

Stara Planina Hold reported October revenue of BGN 33.5m (+33.3% YoY), 3.6% ahead of the management expectations. Jan-Oct 2022 sales stood at BGN 312.2m (+36.8% YoY), compared to BGN 227.9m a year ago. November 2022 forecast is for 29.1% YoY increase in monthly revenue (BGN 35.2m), which would result in 35.9% YoY growth of the YTD sales to BGN 347.4m.