29.04.2024

Stara Planina Hold Plc announced a Financial Report for the first quarter of 2024.

Documents: 
Explanatory Notes
Financial Report
Declarations

For the first months of 2024, we report results based on which we confirm our previous forecast expectations that the consolidated sales for the first quarter of 2024 will reach BGN 77.4 million. With this result, we would report a decrease by about 28 % compared to the record high levels of sales achieved in the same period of 2023 and a decrease by about 11% compared to the first quarter of 2022.

The companies in the group of Stara Planina Hold Plc update their expectations for the following quarters of 2024 downwards which give us reasons to confirm our forecasts that the decrease in consolidated sales revenues will continue during the whole 2024. We expect consolidated revenues for the first half of 2024 to be down by almost 30 % compared to the same period of 2023 and approximately 19 % compared to the first quarter of 2022.