Stara Planina Hold Plc announced a Consolidated Public Notification on the Financial Standing for the fourth quarter of 2022.
For 2022 we report stable high results, which at this stage show a continuing trend of increasing sales. Given these results and the expectations of our partners in Europe and the world for the first half of the current year, we confirm our predictions that the growth in consolidated sales revenue will continue in 2023.
The consolidated data show that the sales revenues for 2022 are 34.75 % higher than the 2021 sales and 87.52 % higher than the reported sales for 2020.
The consolidated revenues only for the fourth quarter of 2022 reached BGN 93.2 million and thus we report a 25.5 % growth compared to the same period of the previous year and an increase by 74.6% compared to the fourth quarter of 2020. Based on the reported results for the second half of 2022 we reached a growth by 30.67 % compared to the same period of the previous year and an increase by 96.41 % compared to the second half of 2020.
Based on the results achieved in the first months of 2023 we increase our sales forecast for the first quarter of 2023 and expect them to reach BGN 99.3 million. With these results we will report an increase by 13.6 % over the same period of 2022 and a 56.6 % growth compared to the first quarter of 2021. We expect the revenues for the first half of 2023 to grow by 8.5 % compared to the same period of the previous year.