Stara Planina’s Sep’24 sales decreased 26.5% YoY; expectations for Oct’24 are for 17% YoY drop (NEGATIVE)

22.10.2024 Source: Stara Planina; FFBH

Stara Planina Hold reported September revenue of BGN 20.6m, down 26.5% YoY, but 3.1% above management’s expectations. 9-mo total sales stood at BGN 196.7m (-33% YoY), compared to BGN 293.4m a year ago. October 2024 forecast is for monthly revenue of BGN 23.2m (-17% YoY), which would result in 31.6% YoY decline of 10-mo sales to BGN 219.8m.