Sopharma Trading’s sales decline 5% in May’20; monthly EBT up 30% (NEUTRAL)

24.06.2020 Source: Sopharma Trading; FFBH

Sopharma Trading’s revenue in May’20 lost 5.0% YoY and amounted to BGN 64.8m while YTD sales came to BGN 352.8m (+11.1% YoY). Monthly pre-tax earnings gained 30.0% YoY to BGN 1.7m and the respective margin added 0.8 p.p. YoY to 2.8%. EBT for the 5-mo period increased 13.6% YoY to BGN 9.9m, while its margin added 0.1 p.p. and stood also at 2.8%.