Elhim Iskra’s Feb’24 sales were down 18.3% YoY; management projects 24.5% YoY decrease in Mar’24 revenue (NEGATIVE)
22.03.2024
Source: Elhim Iskra; FFBH
Elhim Iskra’s Feb’24 sales amounted to BGN 3.4m, down 18.3% YoY but 2.3% above management’s expectations. Pre-tax loss for the month amounted to BGN 194k, compared to BGN 100k profit a year earlier. 2-mo 2024 sales reached BGN 6.9m (-13.3% YoY), while pre-tax result came to BGN 581k loss, compared to BGN 47k profit a year earlier. Management forecasts revenue to decrease 24.5% YoY in March 2024 to BGN 3.4m, which would result in 3-mo 2024 sales of BGN 10.3m (-17.4% YoY).