Bulgaria's Stara Planina Hold sees cons Jan-Feb sales dropping 2.1%

SOFIA (Bulgaria), February 23 (SeeNews) – Bulgarian industrial group Stara Planina Hold [BUL:5SR] said on Monday it expects its consolidated sales to go down by 2.08% over the year to 29.9 million levs ($17.4 million/15.3 million euro) in the first two months of 2014.

Sales of Stara Planina Hold's subsidiaries Hydraulic Elements&Systems [BUL:4HE] and M+S Hydraulic [BUL:5MH] are expected to decline by an annual 0.69% and 7.67%, respectively, in the period under review, while those of car battery manufacturer Elhim-Iskra [BUL:52E] are seen at 5.2 million levs, up by an annual 4.55%, Stara Planina Hold said in a statement.

In January alone, Stara Planina Hold's consolidated sales rose by an annual 0.72% to 15.5 million levs.

M+S Hydraulic’s sales last month dropped by 6% to 7.6 million levs. The sales of Hydraulic Elements&Systems (HES) stayed flat on the year to nearly 4 million levs, while Elhim-Iskra recorded an increase in sales of 9.23% to 2.8 million levs.

Stara Planina Hold was set up in 1996.

(1 euro = 1.95583 Bulgarian levs)

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