Bulgaria's HES Meets July Sales Fcast, Eyes 1.5 Mln Euro in Aug

Bulgaria's HES Meets July Sales Fcast, Eyes 1.5 Mln Euro in Aug

Bulgarian machine engineering company Hydraulic Elements and Systems (HES) said on Monday that it generated sales revenue of 4.68 million levs ($2.66 million/2.39 million euro) in July, in line with its forecast for 4.62 million levs in monthly sales, made last month.HES reported accumulated sales of 39.58 million levs in January-July, up by an annual 5.71%, and expects to generate a further 2.90 million levs in August, the company said in a bourse filing.If the company meets its August sales expectations, its annual sales growth will slow to 3.52% in January-August.HES is part of blue-chip industrial group Stara Planina Hold.

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