Sirma Group Holding

Sirma H1 2018: Net income nearly 60% up

IT company Sirma Group Holding expanded consolidated top line 29.4% y/y to BGN 28.5m, net income surged 58.9% y/y to BGN 2.8m in H1 2018, according to latest interim financials published by the Company. Sales in Sirma’s top market in Europe added 69.7% y/y to BGN 18.9m, with Bulgarian sales alone advancing 50.9% y/y to BGN 13.5m.

Korado Bulgaria

Korado Bulgaria will work with ELANA Trading as market-maker

Bulgarian Stock Exchange Board confirmed registration of ELANA Trading as market maker of Korado Bulgaria. 12 October 2017 is the official start of the market makers activity. The terms are maintaining maximum range of the deviation in terms of a percentage between the prices of the bid and ask quotes (spread): 5%. Minimum value of… Read more

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 online investors’ day

Sirma Group Holding presented 5-year forecast and US business development to investors

Sirma Group Holding (SKK BU) discussing new leaner structure and cloud, data and cognitive tech solutions as strategic areas of development – the Company announced that has been having meetings with key institutional investors in Bulgaria over the last two weeks discussing its new five year strategy post the 2015 IPO. Sirma Group Holding streamlining… 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