SOFIX BOOMING SECOND WEEK IN A ROW

Shelly Group (SLYG) published their Q1 2025 consolidated results. Sales revenue increased 28.9% to BGN 51.8mln. While COGS increased by 22% to BGN 24.4mln, Sales expense dropped 10.9% and Admin expense increased with 25.8% – all signs that there is a push for operational optimization, FX related expenses added BGN 1.5mln, which resulted in Operational profit increasing with 23% to BGN 13mln and Net Profit increasing with 23.6% to BGN 11mln. The sales, which were slightly above target and the optimization in costs shot the share price from EUR 39 to over EUR 43.

Boleron (BLRN) announced a GSM on 18.06.2025 where they will vote for approval to be the borrower of a EUR 2mln loan at 12% p.a. for the duration of 1 year from ABFA Investments AD. Additionally, the decision to go ahead with a bond issue will be taken at the following parameters – 4,957,244 bonds at EUR 1 each, paying 8% p.a. The issue will be successful if at least 4mln bonds are subscribed.

Wiser Technology (WISR) announced that they are leading a consortium of companies on a project by the European Space Agency (ESA) for the renovation of their key information portals presenting information about the satellite mission Sentinel and the Copernicus programme. Wiser will be working in conjunction with Airbus Defence and Space and Sociaw.

ü  The annual inflation rate eased to 3.5% in April 2025, the lowest level in four months, down from 4.0% in March. The slowdown was primarily driven by a decline in transport prices, which fell by 3.1% after rising 0.5% in the previous month. However, this was partially offset by accelerating inflation in several categories, including recreation and culture (7.0% vs. 2.4%), food and non-alcoholic beverages (5.9% vs. 5.3%), restaurants and hotels (10.6% vs. 9.8%), and housing and utilities (6.3% vs. 6.2%).

ü  The economy expanded by 3.1% YoY in the first quarter of 2025. The slowdown was largely driven by a negative contribution from net trade, as exports declined further by 3.4% (vs -1.7% in Q4), while imports rose at a faster pace of 6.2% (vs 2.2%). Meanwhile, domestic demand showed stronger momentum, with final consumption growth accelerated to 7.1% from 5.8% in Q4, reflecting resilient household and government spending.

ü  The trade deficit widened to BGN 1,909.1 mln in March 2025 Exports fell by 5.5% YoY to BGN 6,917.8 mln due to lower sales to both non-EU countries (-9.2%) and the EU (-3.2%). Meanwhile, imports grew by 9.8% to BGN 8,827.7 mln, driven by increased purchases from non-EU countries (14.3%) and the EU (6.5%).