The biggest vertically integrated human health pharmaceutical group in Bulgaria Sopharma booked record performance in 2017 with the top line hitting BGN 1bn and best EBITDA ever on strong organic and M&A driven growth. Individual bottom line margins healthy above historical and peer averages at 20%+ as cost and group optimization kicked in.
ELANA Agrocredit’s (0EA BU) shareholders approve BGN 0.0858 DPS, the Company announced in a regulatory notice following the shareholders meeting held March 15th, 2018. The latter dividend yields 7% at current market quotes.
Latest SOFIX rebalancing comes with two replacements, according to notice published by the Bulgarian Stock Exchange. As a result SOFIX adds Trace Group Hold (T57 BU) and Holding Varna (5V2 BU). The two stocks are replacing Neochim (3NB BU) and M+S Hydraulic (5MH BU).
Leading pharma group Sopharma (3JR BU) hit record BGN 1bn in revenues for FY2017, marking a 15.1% y/y growth, according to Company’s consolidated financial statements for Q4’17. In FY2017, the Company’s EBITDA grew 17.5% y/y reaching BGN 86.6m, while EBIT was up by 25.4% y/y to BGN 56.3m.
On 26 February 2018 ELANA Agrocredit announced the start of a new capital increase by public offering of 18 902 402 new shares with issue price of BGN 1.10 per share. According to the approved by regulator prospectus, the offering will be considered successful by subscription of minimum of 10 mln. shares.
Shareholders of Bulgaria’s leading generic drugs producer Sopharma (3JR BU) and Unipharm (59X BU) approve merger, according to а regulatory note from the two extraordinary shareholders’ meetings held on 23rd Feb 2018.
Sopharma’s (ELANA BG Trader: 3JR BU) smoking cessation drug with positive preliminary clinical trial data in the US, the Company’s American partner Achieve Life Sciences (NASDAQ: ACHV) announced in a statement.
CEZ Group postpones the Bulgarian assets sale decision for the end of Feb’18, according to local media reports quoted by Capital newspaper. CEZ has been exploring to sell its Bulgarian assets, which include leading grid operator CEZ Distribution Bulgaria, trader CEZ Electro, CEZ Trade and renewables in Bulgaria, since the start of 2016.
Bulgaria’s only steel panel radiator producer Korado Bulgaria strengthened its financial results in FY2017, confirming its position of a wellmanaged and profitable company in a rather mature sector with strong competition from European and global peers – this is what ELANA Trading analysts say in their updated corporate profile for the Company.
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