Stara Planina Hold announces current financial results (on consolidated basis) and the financial results of the most significant enterprises in Holding’s portfolio on April 2020 and projected sales for May 2020. Letter.
Consolidated sales for first four months of 2020 show a decrease of 11.0% compared to the beginning of 2019.
We anticipate that the decline in sales will continue and for the first five months of 2020 they will be 15.9% lower compared to the same period in 2019.
More information on expectations regarding Covid-19's impact and the effect of the measures governments are taking in this regard will be published next week in the Company's Consolidated Public Financial Notification for the first quarter of 2020.