Market Overview (31 Mar – 4 Apr) The main Bulgarian index SOFIX decreased this week by 3.44% to 879.39 points. The broad index BGBX40 decreased this week […]
SOPHARMA SHOWS EXTRAORDINARY PERFORMANCE
| Market Overview (24 Nov – 28 Nov) | |
| The main Bulgarian index SOFIX increased this week by 1.48% to 1087.77 points. The broad index BGBX40 increased this week by 1.13% to 194.74 points and BGREIT decraesed this week to 226.62 points, down by 0.07%. |
|
| Corporate News | |
| Trace Group (T57) published their Q3 cons results. Revenues drop 24.7% to BGN 334mln. In the same time, OPEX decreased with 19.4% and the slower pace was due to the increase in the personnel expense. Trace Group accounts for revenues when payments from their infrastructure projects are received, which means that they are highly dependent on completion schedules. In the same time, personnel expenses are sticky as companies prefer to keep personnel in down times because getting them hired again once there is an available project would be harder. Net Income more than halved to BGN 7.5mln. Telematic Interactive (TIB) announced that they have acquired the rights for 9 gambling games from its subsidiary CT Gaming for 10 yrs for the sum of BGN 0.7mln. Smart Organic (SO) – published Q3 cons results. Revenue increased 32% to BGN 87mln, but OPEX marked a 45% increase to BGN 78mln driven by the rise in materials by 68% to BGN 38.5mln. As a result Speedy AD (SPDY) published Q3 cons results, where revenues increased 3.9% to BGN 390mln. EBIT, however, shot up 14.5% to BGN 39.2mln due to the drop in materials and other operational expenses as well as the controlled personnel expenses. Net profit rose Sopharma (SFA) – showed in Q3 cons results excellent revenue growth of 24% to BGN 1,908mln. The control of expenses, namely COGS, materials and external services allowed EBIT to grow 68% to BGN 115mln. Net profit soared 72% to BGN 117mln driven by the profit from associated companies. Wiser Technology (WISR) published Q3 results, where revenues shot up 144% to BGN 56mln due to the consolidation process in 2025. Expenses also soared. The company will hold a meeting with investors on 03/12/2025 from 10:30 EET to discuss their performance, goals and consolidation plans further.
The business confidence indicator fell to 14.6 in November. Assessments of the current business situation weakened (17.0 vs 17.8 in October), alongside a modest decline in the outlook for both production activity (5.6 vs 5.9) and employment (2.1 vs 4.0) over the next three months.6.2%) and transport (0.5% vs 0.4%). |
Full report can be accessed here.
