25.04.2025

Stara Planina Hold Plc announced a Public Notification on the Financial Standing for the first quarter of 2025.

Documents: 
Explanatory Notes
Financial Report
Declarations

For the first months of 2025, we report results based on which we slightly adjust our forecast expectations for consolidated sales in the first quarter of 2025 downwards, expecting them to reach BGN 68 million but increasing our forecast for the following quarters. With the result for the first quarter, we would report a decrease by about 9.5 % compared to consolidated sales in the same period of 2024 and a decrease by over 36 % compared to the record high sales levels achieved in the first quarter of 2023.

Given the updated forecasts of our customers and partners from Europe and the world in a more optimistic direction, we already have adjusted expectations for the estimated results for the second quarter of 2025, as we anticipate consolidated sales revenues to reach 76.06 million leva, which will represent a growth by 12.96% compared to the same period of 2024 and a decrease by 26.66 % compared to the second quarter of 2023. We expect consolidated sales in the first half of this year to reach BGN 144.2 million which would represent an increase by1.10 % compared to the first half of 2024 and a decrease by about 33% compared to the same period in 2023. At this stage, our expectations are that the trend for higher sales levels will continue in the coming quarters until the end of the year and we anticipate sales revenue levels to increase by about 9% on an annual basis compared to the previous year's levels, reaching BGN 290 million.

The Board of Directors will propose to the regular annual general meeting of shareholders to continue the tradition of distributing part of the financial result for dividends.

June 5th, 2025 is the date for holding the regular annual general meeting of the shareholders.