INVESTOR NEWS
“Bulmetal” AD announces that its subsidiary in Germany – “BIBRA Biagosch and Brandau Germany” GmbH, has concluded a commercial contract with a new customer from Italy worth 1 775 000 euros.
The subject of the transaction is a production line for the production of deep-drawn metal boxes with dimensions ф73×30 mm. The production capacity of the line will be 600 pieces per minute.
The implementation period is 12 months.
“Bulmetal” JSC announces that as of 16.09.2024, in connection with Financing Agreement No. BG-RRP-3.008-0077-C01 under the “Economic Transformation Program” (ETP) to the “National Recovery and Sustainability Plan” (NRSP), under selection
procedure BG[1]RRP-3.008 “Support for the transition to a circular economy in enterprises”, concluded contract No. BG-RRP- 3.008-0077-C01-SU-1 with contractor “MPI” OOD, UIC 107585529 .
Subject of the contract: Delivery, installation and commissioning of an aerosol ring press.
Total contract value: 4 600 000,00 BGN /exclud. VAT/.
Implementation period: 10 months, counted from the date of signing the Agreement, but within the framework of Financing Agreement No. BG-RRP-3.008- 0077-C01 “Support for the transition to a circular economy”
“Bulmetal” JSC announces that as of 10th September 2024 received two new management system certificates:
– certificate of conformity to the standard for environmental management systems: ISO 14001:2015.
– certificate of conformity to the occupational health and safety management systems standard: ISO 45001:2018.
Bulmetal Presentation of the results for H1 2024.
1. Major trends in the II quarter of 2024
2. Key indicators of the Group for H1 23/H1 24.
3. Key indicators in Packaging segment
4. Key indicators in Machines segment
5. SSSRaw materials SSSavailbility and indebtedness of the Group
6. Development in 202
The machines drive the consolidated results of “BULMETAL” JSC to historical records for the half year close
● Consolidated net sales revenue for the six months of 2024 increased by 14% to 53,8 million BGN;
● Sales of machines and technological lines increased by 133% on an annual basis to 14.5 million BGN and are the engine of the Group’s growth in the first half of 2024.
● Machine capacity for 2024 is already full, the Group is signing contracts for 2025;
● Profitability is greatly improved at all operational levels;
● The EBITDA of the Group for the six months reached 8.2 million. BGN, which is a growth of 146% on an annual basis;
● The EBITDA margin doubled to 15% from 7% a year earlier;
● The net profit amounts to 3.7 million BGN at the end of June 2024 against a loss of 1.5 million BGN a year earlier. The achieved financial result reached the Group’s net profit for the entire 2023.
“BULMETAL” JSC announced that the Financing Agreement under the “Economic Transformation Program” (ETP) to the “National Recovery and Sustainability Plan” (NRSP) has been signed. The contract is under the selection procedure BG-RRP[1]3.008
“Support for the transition to a circular economy in enterprises” under the following conditions:
Contract activity: Acquisition of an aerosol rings press.
Total contract value: 4 611 847,50 BGN
Grant amount: 999,848,54 BGN
Self-financing: 3 611 998,96 BGN
Implementation period: 18 months.
“Bulmetal” JSC announces that its subsidiary in Germany – “BIBRA Biagosch and Brandau Germany” GmbH, has signed a commercial contract with a client from Austria worth 640 000 €. The subject of the contract is the development, production and supply of an Automatic Transfer Press, type Unistar WTP-40N + tool with a triple tight ring with a diameter of 108 mm (according to offer Nr. 24/ 140.4). The deadline for the implementation of the contract is February 2025.
BULMETAL reports a 10 times increase in EBITDA in the first quarter of 2024.
● The revenue of BULMETAL Group in the first three months of 2024 reach 21 407 thousand BGN, growing by 10.5% on an annual basis;
● EBITDA increased tenfold to 2 387 thousand. BGN in March 2024;
● The net profit of the Group reaches 90 thousand BGN compared to a loss of 2 239 thousand BGN a year earlier;
● 139% growth in the “Machines” segment to 5,5 million BGN and 100% filled capacity for 2024.
From “BULMETAL” JSC, with UIC 202189103, with headquarters and management address in Gurkovo, 37 “Prohoda” street, fl. 3, represented by Ivanka Dimitrova – Executive Director
Regarding: Appointment of Investor Relations Director
From “BULMETAL” JSC, with UIC 202189103, with headquarters and management address in Gurkovo, 37 “Prohoda” street, fl. 3, represented by Ivanka Dimitrova – Executive Director Regarding: Presentation of inside information under Art. 17, §1, in relation to Art. 7 of the Regulation 596/2014 of the EP and the Council
DISCLOSURE OF INSIDE INFORMATION According to Art. 17, §1 in relation to Article 7 of Regulation (EU) 596/2014 of the EP and of the Council
DISCLOSURE OF INFORMATION according to art. 100t in connection with Art. 110, para. 7 of the Public offering of Securities Act (POSA) and Art. 24, para. 1, item 1 of Regulation 2 of the Financial Supervision Commission