Market Overview (13 Jan – 17 Jan) The main Bulgarian index SOFIX decreased this week by 0.32% to 890.27 points. The broad index BGBX40 decreased this week […]
Weekly bulletin – Shelly Group enters SDAX
| Market Overview (06 Apr – 10 Apr) | |
| The main Bulgarian index SOFIX increased this week by 0.35% to 1223.17 points. The broad index BGBX40 increased this week by 0.17% to 211.20 points and BGREIT increased this week to 227.16 points, up by 0.42%. | |
| Corporate News | |
| Fibank (FIB) published their 2026 Q1 individual results. Total income from banking operations increased by 6.7% to EUR 86.6mln driven by a 14% increase in Net interest income to EUR 64.7mln and a drop of 18.9% in income from fees. A closer look reveals no substantial changes in Other income (net), other expenses and allowance for impairment. Net income increases by 2.9% to EUR 26.1mln. This shows that the fallout from the SG Group in Q4 2024 is behind their back and the bank will likely record a very similar growth to what we published in our last quarterly review.
Shelly Group (SLYG) announced that they will be joining the SDAX index. They are the so called “small cap” after DAX and MDAX in terms of market cap and order book volume, which means that Shelly will be one of the 91st to 160th largest publicly traded companies in Germany. Eurohold Bulgaria (EUBG) published their 2025 cons. results where revenues increased 11% to EUR 1,662mln, EBITDA grew 23.5% to EUR 193mln and Net Profit increased 221% to EUR 54mln. Wiser Technology (WISR) announced that they will be partnering with Forte Central Europe for the development of a new generation platform Park.Aero – a leading solution for reservation of parking in airports in the DACH region, currently operating 15 airports, among which key hubs, such as Frankfurt, Munich and Vienna. Smart Organic (SO) published preliminary results for Q1, where revenues grow by 20% YoY to EUR 16.5mln. Online sales mark a 37% increase forming already 10% of total revenues. Yet, the main pillar – the B2B business, representing 86.7% of sales, marked a significant 18.3% growth to EUR 14.3mln.
ü Construction output increased 8.0% year-on-year in February 2026, accelerating from a downwardly revised 2.8% rise in the previous month. Significant increases were recoded in both building construction (16.8% vs 7.7% in January) and civil engineering works (7.7% vs 1.4%). Specialized construction activities continued to decline, albeit at a softer pace (-1.2% vs -1.6%). On a seasonally adjusted monthly basis, construction output rose 3.1%. ü Industrial production fell by 8.1% YoY in February, easing from an upwardly revised 9.9% drop in the previous month. This marked the fourteenth consecutive month of contraction in industrial activity, though the decline slowed to its weakest pace since December as manufacturing output rebounded to 0.4% after a 7% fall in January. Within the manufacturing sector, production particularly increased for tobacco products (47.3% vs 66.6%), basic pharmaceutical products and preparations (22.6% vs 2.5%), and basic metals (15.6% vs 13.8%). ü Retail sales climbed 7.3% YoY in February, following an upwardly revised 4.2% rise in the previous month. Sales accelerated sharply in food, beverages, and tobacco (5.3% vs 0.1% in January) and in non-food products excluding fuel (10.5% vs 8.3%), particularly in computers, peripheral units and software, and telecommunications equipment (16.9% vs 10.5%), in non-specialized stores (4.7% vs 1.8%), and via mail order houses and the internet (23.7% vs 13.1%). |
Full report can be downloaded here.