HES Jan’18 sales rise 27.8% YoY, EBT up 22% YoY; Feb’18 sales projected up 9.1% YoY (POSITIVE)

Hydraulic Elements & Systems (HES) announced preliminary January sales of BGN 5.7m, up 27.8% YoY, (+64% MoM) and 1.0% above the management’s guidance for the month. EBT came to BGN 761k, up by 22% YoY. The company expects its February’18 sales to increase 9.1% YoY (-7.3% MoM).