Sirma Group Holding

New research report: Sirma Group Holding – stepping up sales, R&D and streamlining

Sirma Group Holding missed FY2016 guidance but outperformed ELANA Trading analysts’ expectation. Growth accelerated in H2’16 allowing the Group to sustain sales performance above 20% y/y. Тop line expanded 22% y/y to BGN 41.5m as US sales advanced well together with strong domestic performance. Q3’16 was best in history followed by a strong Q4. Bottom… Read more

Sirma Group Holding

Sirma net income 2016 surges 45%

IT developer Sirma Group Holding (SKK BU) posts 22.4% y/y rise in sales for FY 2016, according the Company’s consolidated financial statements. Sirma net income surges 45% y/y to BGN 2.4m. The Company met EBITDA guidance with 31% y/y rise to BGN 12.7m. FY 2016 missed management guidance for a 25% y/y rise in sales… Read more

ELANA Trading has a 29 years of history on financial markets, offering a wide range of services and markets. ELANA Trading quality service has been recognized by 24 industry awards. The broker is part of the international brokers’ network of US Auerbach Grayson & Co. since 1998 and maintains long-term partnerships with a lot of international financial institutions.

ELANA Trading is part of ELANA group - one of the largest groups in the non-banking financial sector in Bulgaria.

Contacts

Dimitar Georgiev
Head of Trading
Phone: +359 (2) 81 000 25
Email: georgievd@elana.net

Tatyana Puncheva-Vasileva
Head of Research
Phone: +359 (2) 81 000 24
Email: vasileva@elana.net

Contacts

Sopharma Business Towers,
Tower B, Floors 12-13,
5, Lachezar Stanchev St,
1797 Sofia, Bulgaria

Phone: +359 (2) 81 000 25
Phone: +359 (2) 81 000 26
Email: bgtrader@elana.net
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