October 21 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:4HE] said on Monday that it generated sales revenue of 5.1 million levs ($2.9 million/2.6 million euro) in September, in line with its forecast made last month.
HES reported accumulated sales of 47.7 million levs in January-September, up by an annual 4.12%, and expects to generate a further 5.4 million levs in October, the company said in a bourse filing.
If the company meets its October sales expectations, its annual sales growth will slow down to 4.02% in January-October.
Accumulated gross profit amounted to some 4 million levs in January-September.
HES is part of blue-chip industrial group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)