DRONAMICS RECEIVES EUR 30 MLN FROM EIC

Dronamics Capital (DRON) announced they have been put forward for an equity investment of up to EUR 30 million under the European Innovation Council (EIC) Strategic Technologies for Europe Platform (STEP). This is the maximum amount of financing from the fund and represents the trust in the development of the only European producer of cargo drones.

Telematic Interactive (TIB) announced another dividend in the among of BGN 0.35 per share. Together with the one in April they represent 3.1% dividend yield. TIB historically distributes dividends 4 times a year and with these rates the expectations are to reach ca. 6% annual dividend yield, which is noticeably different than the 10%+ levels enjoyed a couple of years ago – another sign for the company reaching a plateau – covered here: Telematic Interactive Bulgaria AD – SIS

Shelly Group (SLYG) announced that they will increase the capital of the company with 52,652 shares available to Shelly Group employees.

Smart Organic (SO) announced an online meeting on 26.06.2025 at 16:00 EET on Zoom. Questions can be sent until 25.06.2025 on ir@smartorganic.com and participants can register at https://us06web.zoom.us/meeting/register/M1oV240bRlKCPjKFpB78kg

Lavena AD (LAV) announced a dividend in the amount of BGN 0.08 per share or 3.2% dividend yield.

BREF (BREF) announced they have signed a new rental agreement for their Kambani Green Offices with Skilline Business Solutions for 3 years and 456 sqm. With that, total occupancy of the location is 84.46%.

ü  The trade deficit widened to BGN 1,876.9 mln in April from BGN 1,100.0 million in the same month last year, as exports fell much faster than imports. Exports declined by 11.6% YoY to BGN 6,583.3 mln due to lower sales to both the EU (-12.1%) and non-EU countries (-10.7%). Meanwhile, imports fell by 1.0% to BGN 8,460.2 mln, amid reduced purchases from the EU (-6.2%).

ü  Construction output growth eased to 7.0% YoY in April. The slowdown was due to moderated growth for civil engineering works (8.1% vs 12.8% in March) and specialized construction activities (10.8% vs 14.1%). Meanwhile, production in building construction grew slightly to 3.1% from 2.2% previously.

ü  Industrial production plunged by 10.4% YoY in April. This marked the fifth consecutive month of decline in industrial activity and the sharpest in the sequence, as output decreased sharply for mining and quarrying (-3.9% vs 2.7% in March) and manufacturing (-7% vs -4.4%). Meanwhile, production declined at a slower pace for electricity, gas, steam & air-conditioning supply (-18.7% vs -34.5%).