Stara Planina September cons sales rise 12% YoY, 10% increase forecasted for October (NEUTRAL)

Stara Planina Hold reported preliminary consolidated sales of BGN 15.4m for September, up 12% YoY and exceeding the management forecast by 5.8%. Revenues for Q3’13 came to BGN 44.4m, up 16% YoY and 9-mo’13 revenues were up 7% YoY to BGN 149.3m. The group expects that consolidated sales for October will rise 10% YoY to BGN 14.8m.