27.05.2022

Stara Planina Hold Plc announced a Consolidated Public Notification on the Financial Standing for the first quarter of 2022.

Documents:
Financial Notification
Explanatory Notes

The companies in the group of Stara Planina Hold Plc report high results for the first months of the year and confirm their increased forecast expectations for the first half of 2022. The applied accelerated and efficient investment policy for several years now, the proper restructuring of production facilities and optimal human resource management, along with the implemented policies implemented to maintain good material supply, reorganization and diversification of supplies and flexible planning are the main factors that determine the achieved results. 

We confirm our forecasts that the growth in consolidated sales revenues will continue in 2022. We adjust our expectations and expect with the revenues for the first half of 2022 to report an increase by 17.0 % compared to the business plan and 37.76 % compared to the same period of the previous year. Expected revenues for the first half of 2022 will exceed by 77.5 % the revenues for the first half of 2020.

The gross consolidated profit of the Group of Stara Planina Hold Plc for the first quarter of 2022 amounts to BGN 11 155 thousand and reports a 32.3 % growth compared to the gross profit for the same period of 2021 and an increase by 81.8 % compared to the first quarter of 2020.