28.08.2024
Stara Planina Hold Plc announced a Consolidated Financial Report for the first half of 2024.
Documents:
Activity Report
Financial Report
Explanatory Notes
Declarations
Inside information under the Market Abuse Regulation
The consolidated net sales revenues for the first half of 2024 reported a decrease by 32.6 % compared to the sales for the same period of 2023 and by 22.2 % compared to the reported sales for the first half of 2022. The net sales revenues for the first half of the year reached BGN 142.6 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 confirm our expectations 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 276.25 million.
CONSOLIDATED HALF-YEAR SALES incl. updated forecast for 2024 ( BGN million)