29.07.2024

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

The net profit of Stara Planina Hold Plc for the first half of 2024 is in the amount of BGN 6008 thousand which is a 29.48 % decrease compared to the reported net profit for the same period of the previous year and by 20.63 % compared to the profit for the first half of 2022.

The preliminary summary data show that the consolidated sales for the first half of 2024 will be approximately 32.5 % lower than the sales for the same period of 2023 and nearly 22 % below the reported sales for the first half of 2022. Our corrected expectations are that net sales revenue for the first half of the year will reach BGN 142.8 million.

Against the backdrop of the intensifying decline in European economy, the reduction of orders from our customers and partners for the second half of the year and the ongoing geopolitical uncertainty, we have adjusted our forecasts expecting the consolidated revenues for the third quarter of 2024 to reach BGN 65.3 million thus reporting a decrease by approximately 29 % compared to the same period of the previous year and a decrease by over 33 % compared to the third quarter of 2022. With the estimated revenues for the second half of 2024, we would report a decrease by about 20 % compared to the same period of the previous year and by approximately 30 % compared to the second half of 2022. We confirm our expectations that the decline in consolidated sales revenues compared to the previous two financial years will continue throughout 2024, expecting sales in 2024 to reach BGN 276.51 million.

Documents:
Activity Report
Financial Report
Explanatory Notes
Declarations
Inside information under the Market Abuse Regulation

CONSOLIDATED HALF-YEAR SALES incl. updated forecast for 2022 ( BGN million)