Sopharma Trading top line expansion slows down in Q3 2016, Q4 acceleration expected

Leading pharma distributor in Bulgaria, Sopharma Trading, booked third consecutive quarter of slower than expected growth. In 3Q16, top line growth turned negative of 1.63% y/y to BGN 150m on higher 3Q15 base when the Company had major big medical equipment deals. Overall, 9M16 sales are down 0.34% y/y to BGN 447.7m on all segments – pharmacies, hospitals, wholesale and big medical equipment deals, slower than expected.
Speedy

Speedy’s shareholders approve stock option plan through capital hike

Courier services provider Speedy’s shareholders approve employee stock options plan, according to the disclosed minutes from the shareholders’ meeting held on December 14th, 2016. Speedy will issue 42 900 new ordinary shares with a nominal and issue price of BGN 1 per share. The new shares are to be subscribed by key non-executive board members… Read more

Sopharma

Strong 3Q of Sopharma indicates better than expected FY 2016

Pharmaceuticals leader Sopharma booked a strong 3Q16 and is heading for a better than expected FY2016 performance. A new turning point for Sopharma After two years of disappointing performance due to heavy exposure to Russia and Ukraine, Sopharma’s latest results signal an inflection point into better times. 3Q16 top line and operating profitability improved considerably.… Read more

Monbat

30% rally for Monbat shares over the last 3 months

The largest lead-acid battery producer in Bulgaria, Monbat, booked third consecutive quarter of strong results on rising volumes and surging LME prices. The fundamentals power surge together with a bullish market sentiment – these led to a 30% stock rally over the last three months. 9M results – margin sustained above regional peers Monbat delivered… Read more

Fitch affirms Bulgaria’s credit rating despite political insecurity

Fitch Ratings has affirmed Bulgaria’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘, with Stable Outlooks. This was released by Fitch on 2nd December 2016 despite ongoing political insecurity in the country with a government in resignation. The issue ratings on Bulgaria’s senior unsecured foreign and local currency bonds have also been… Read more

CEZ

CEZ reported considerable improvement in 9M profits

CEZ Distribution posts 2.8x y/y surge in 9M16 consolidated net income to BGN 17.6m, according to the Company’s consolidated 9M16 financial statements. The Company which operates the electric distribution network in Southwestern Bulgaria, reports considerable profitability improvement in 2016 with net income improving ever since the start of the year. In 3Q16 alone the Company… 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
Disclaimer: This website represents ELANA Trading with the sole purpose to provide information. The data published on the website is not provided to be used as a background for specific investment decisions. No publication of ELANA Trading should be construed as an offer (or solicitation of an offer) to U.S. persons to buy or sell financial instruments or any financial product, make any investment or participate in any particular trading strategy (collectively “Offers”). No Publication of ELANA Trading should be construed as an Offer (or solicitation of an offer) in any jurisdiction in which such Offer would be illegal. Any such perceived Offer will not be honoured by ELANA Trading.

© 1991 - 2026 ELANA | ELANA Trading Privacy policy Change Cookie Preferences