СЕДМИЧЕН БЮЛЕТИН НА СИС (20 ДЕКЕМВРИ- 23 ДЕКЕМВРИ) С НАЙ-ВАЖНИТЕ СЪБИТИЯ НА БЪЛГАРСКИЯ КАПИТАЛОВ ПАЗАР
SOFIX BOOMED TO ANOTHER 15 YEAR HIGH
Market Overview (16 Dec – 20 Dec)
The main Bulgarian index SOFIX increased this week by 5.55% to 890.83 points. The broad index BGBX40 increased this week by 3.33% to 171.74 points and BGREIT increased this week to 214.67 points, up by 0.75%.
Corporate News
Agria Group (AGH) announced a dividend for 2023 on their GSM held on 19.12.2024 in the amount of BGN 0.10 per share representing 0.5% dividend yield.
Sopharma (SFA) announced they have credited their subsidiary Sopharma Rus in Russia with the equivalent of EUR 12.3mln for what is described as providing operational opportunities for growth and increase sales in traditional markets. Note that Russia has been the most important export market for Sopharma and the slump in sales over the last couple of years there have affected the overall performance of the company.
Stara Planina Hold (SPH) published their expected performance for 2024 and 2025. 2024 Sales are likely to be BGN 263mln or 30% below the 2023 figure. Note that their expectations for 2024 were between 22% and 28% earlier in 2023. With regards to 2025, they note that they intend to increase investments in modernization and technological improvements with 50% to BGN 37.8mln but also note that since their growth depends largely on macroeconomic factors in the Eurozone, where economic perspectives “are largely pointing downwards”, these are also their expectations for their economic activity, without mentioning specific targets.
Webit Investment Network (WIN) announced performance for 2024 of their portfolio companies. Consolidated sales of the companies in the portfolio increased by 63% to USD 93.3mln.
MFG Invest (MFG) announced a new investment of EUR 0.2mln via a convertible loan in Native Consulting, a French company developing an event management platform (https://native-spaces.com) targeting high-end events around the French Riviera with current clients such as YouTube, Adidas, Twitch, Amazon, Dior, WSJ, BBC and LinkedIn. The company is expected to complete an investment round beginning 2025 when the investment will be converted to shares. So far the platform has managed to increase Q3 revenues by 33% compared to the same period last year.
Smart Organic (SO) announced that they have received all licenses and approvals for their new building in Bozhurishte, which can become operational now. It is expected to give a significant boost to their production and storage capacity.
Economic News
Bulgaria’s current account deficit widened sharply to €308.9 million in October 2024, from €51 million in the corresponding month of the previous year. The goods account deficit increased to €789.7 million from €457 million a year ago, and the services account surplus narrowed to €529.9 million from €601.5 million. Additionally, the secondary income surplus shrank to €63 million from €148.9 million. Meanwhile, the primary income gap decreased to €112.1 million from €344.4 million.
Full article can be accessed here.