WISER WINS 2 MAJOR DEFENCE DEALS

Wiser Technology (WISR) announced that they, together with 2 consortiums, have received financing for 2 projects from the European Defence Fund in the amount of EUR 33mln. The first project is ASTERION, which is developing a universal solution for secure and adaptive underwater communication, while MARTINA, the second project, targets the creation of a testing framework for the accuracy and reliability of the use of AI in satellite imagery analysis. The participation in these projects will solidify Wiser’s reputation as a prime defense projects developer/contractor.

Advance Terrafund (ATER) announced that they will be distributing a dividend from 2024 for BGN 0.095 or a 3.1% dividend yield.

Telematic Interactive (TIB) announced that they have signed an agreement with CT Gaming AD to receive the rights for 7 gambling games for a period of 10 years and the deal is for BGN 0.455mln (w/o VAT). Since CT Gaming AD is a related entity and the expenses for gaming content are a major part of OPEX, it is likely that the management seeks to improve the lowering profitability trends through such asset acquisition. This could also indicate that the management lacks a clear mid-term growth strategy.

Shelly Group (SLYG) announced that they have hired a top talent as a local manager to head the expansion in Poland. Poland has been the major powerhouse in CEE and this decision by Shelly Group can have a very positive impact on the growth. Additionally, Shelly’s top management clearly has a strategy to attract top talent in their most important markets, which has been very successful so far.

ü  Retail sales rose by 5.4% YoY in March. The growth was broad-based, with notable strength in non-food products, which grew by 7.2% compared to 3.7% in the previous month. Within this category, strong gains were seen in textiles, clothing, footwear, and leather goods (10.3% vs 7.1%), audio and video equipment; hardware, paints, and glass; and household electrical appliances (10.7% vs 2.8%). Sales of computers, peripherals, software, and telecommunications equipment also picked up (11.6% vs 9.2%), as did sales of information and communication devices, recreational goods, and other household equipment (10.8% vs 5.5%).

ü  The consumer confidence indicator rose to -16.4 in the 2nd quarter of 2025 from an over one-year low of -19.5 last quarter.

ü  Industrial production slumped by 8.3% YoY in March. This marked the sharpest contraction in a four-month decline streak in industrial activity, as output plummeted for electricity, gas, steam & air-conditioning supply (-29.7% vs 11.2% in February).

ü  Construction output growth accelerated to 8.9% in March. The improvement was mainly driven by faster growth in civil engineering works (13.2% vs 8% in February) and specialized construction activities (13.9% vs 8.1%).