28.02.2025

Stara Planina Hold Plc announced a Consolidated Public Notice on the Financial Standing for the fourth quarter of 2024.

Documents:
Financial Notification
Explanatory Notes
Declarations

Against the background of the continued decline in the European economy, decrease in orders from our customers and partners and growing geopolitical uncertainty, the 2024 consolidated net sales revenue reported a decrease by 29.77 % compared to sales in 2023 and by 29.08 % compared to sales reported in 2022. The 2024 net sales revenue for 2024 amounted to BGN 266.14 million on a consolidated basis.

The consolidated revenues only for the fourth quarter of 2024 reached BGN 62.09 million which represents a decrease by 16.9 % compared to the same period of the previous year and by 33.53 % compared to the fourth quarter of 2022. Based on the reported result for the second half of 2024, we report a decrease of 26.16 % compared to the same period of the previous year and by 35.59% compared to the second half of 2022.

Based on the results of the first months of 2025, as well as taking into account the seriously downturn revised forecast of the German government for growth in 2025 by only 0.3 % of the economy of Germany, which is the main trading partner of the companies in the group of Stara Planina Hold Plc, we expect that sales in the first quarter of 2025 will exceed BGN 69 million which would represent a decrease by about 8 % compared to the same period of 2024 and by about 36 % compared to the first quarter of 2023. We expect revenues for the first half of 2025 to report a decrease by about 3 % compared to the same period of 2024.