The Board of Directors of Stara Planina Hold Plc announces an address to the shareholders and investors of the holding and the companies in the Group informing on its anticipations for 2022. We anticipate sales in 2021 to reach BGN 277.7 million - over 39 % nominal growth compared to 2020 and almost 24 % increase compared to 2019
On September 27, 2021 we celebrated 25 years since the incorporation of the holding with a record high market capitalization of BGN 237 million. The market capitalization of the public companies in the Group reached BGN 708 million. Stara Planina Hold Plc is the only public holding company in Bulgaria that has distributed dividends for each year of its existence. The 2021 net profit of Stara Planina Hold Plc will exceed BGN 7.8 million which gives us confidence that for the 25th consecutive year part of the profit will be distributed in the form of dividends to the shareholders of the holding.
Labor productivity increased by 38.7 % this year, and the average annual growth of labor remunerations reached 32.6 %. In 2022 we expect to increase the number of employees with about 2 % while increasing labor productivity by 8.2 % and the average monthly remuneration by 10.5 %. In 2022 we plan almost 48 % growth of the investments.
The Board of Directors of Stara Planina Hold Plc expects the growth of the 2021 consolidated sales revenues to continue also in 2022. We are optimistic to expect that in the first half of the year growth will exceed 17 % and in the second half we expect to reach a 4 % year-on-year growth rate. Considering these figures, in 2022 we expect that the sales revenues in the group will reach BGN 307 million.
In 2022 again we will be led by the purpose of achieving European and world level of quality, productivity and profitability and thus to retain the major markets and widen our presence in the new markets. Sustainable achievement of good financial results at the expected sales volumes will continue being the main task for increasing the market capitalization of the companies in the group thus ensuring the shareholders’ investments and their profitability.
Our success will continue being shared with all those involved in its achievement.
CONSOLIDATED SALES ( BGN million)