Stara Planina Hold : 1Q 2024 Consolidated Financial Notification

1Q 2024 Consolidated Financial Notification

29.05.2024

Stara Planina Hold Plc announced a Consolidated Public Notice on the Financial Standing for the first quarter of 2024.

Documents:
Financial Notification
Explanatory Notes
Declarations

The consolidated sales revenues for the first quarter of the year are in the amount of BGN 75.25 million thus reporting a 30.25 % decrease compared to the same period of 2023 and a 13.88 % decrease compared to the same period of 2022.

We confirm our forecasts that the decrease in consolidated sales revenues compared to the previous two years will continue during the whole 2024. With the updated forecast consolidated revenues for the first half of 2024, we expect to report a nearly 30 % decrease compared to the same period of 2023 and approximately 19 % compared to the first quarter of 2022.

The macroeconomic development of the country, the unstable political situation, financial policy, as well as geopolitical factors appear to be the most worrisome circumstances that will have an impact on business. Along with the threat to European and regional stability, the geopolitical situation puts at additional risk the supply of energy resources and the possibilities for sustainable growth of the economy. The effect of the measures taken at the European and national level, as well as the countermeasures imposed accordingly, will have an impact on the activities of the enterprises of the group and may lead to an adjustment of the expected business results.