New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bulgarian stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: лв0.49 (vs лв0.44 in FY 2024) Full year 2025 results: EPS: лв0.49 (up from лв0.44 in FY 2024). Revenue: лв1.01b (up 11% from FY 2024). Net income: лв111.6m (up 12% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Jan 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Bulgarian stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Sep 02
Chimimport AD, Annual General Meeting, Sep 30, 2025 Chimimport AD, Annual General Meeting, Sep 30, 2025, at 16:00 FLE Standard Time. Location: 2 stefan karadzha st., sofia Bulgaria Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: лв0.12 (vs лв0.085 in 2Q 2024) Second quarter 2025 results: EPS: лв0.12 (up from лв0.085 in 2Q 2024). Revenue: лв208.5m (up 2.3% from 2Q 2024). Net income: лв28.5m (up 55% from 2Q 2024). Profit margin: 14% (up from 9.1% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2025 earnings released: EPS: лв0.20 (vs лв0.18 in 1Q 2024) First quarter 2025 results: EPS: лв0.20 (up from лв0.18 in 1Q 2024). Revenue: лв190.6m (down 4.0% from 1Q 2024). Net income: лв44.5m (up 6.2% from 1Q 2024). Profit margin: 23% (up from 21% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: лв0.45 (vs лв0.22 in FY 2023) Full year 2024 results: EPS: лв0.45 (up from лв0.22 in FY 2023). Revenue: лв902.6m (up 7.9% from FY 2023). Net income: лв102.3m (up 109% from FY 2023). Profit margin: 11% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 02
Third quarter 2024 earnings released: EPS: лв0.05 (vs лв0.017 in 3Q 2023) Third quarter 2024 results: EPS: лв0.05 (up from лв0.017 in 3Q 2023). Revenue: лв283.4m (up лв253.3m from 3Q 2023). Net income: лв11.8m (up 207% from 3Q 2023). Profit margin: 4.2% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: лв0.08 (vs лв0.06 in 2Q 2023) Second quarter 2024 results: EPS: лв0.08 (up from лв0.06 in 2Q 2023). Revenue: лв204.0m (down 35% from 2Q 2023). Net income: лв18.5m (up 56% from 2Q 2023). Profit margin: 9.1% (up from 3.7% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: лв0.19 (vs лв0.12 in 1Q 2023) First quarter 2024 results: EPS: лв0.19 (up from лв0.12 in 1Q 2023). Revenue: лв198.5m (down 19% from 1Q 2023). Net income: лв41.9m (up 51% from 1Q 2023). Profit margin: 21% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bulgarian stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: лв0.016 (vs лв0.03 in 3Q 2022) Third quarter 2023 results: EPS: лв0.016 (down from лв0.03 in 3Q 2022). Revenue: лв30.3m (down 83% from 3Q 2022). Net income: лв3.85m (down 30% from 3Q 2022). Profit margin: 13% (up from 3.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Chimimport AD, Annual General Meeting, Nov 30, 2023 Chimimport AD, Annual General Meeting, Nov 30, 2023, at 15:00 E. Europe Standard Time. Agenda: To approve adoption of the annual report of the Management Board on the activity and management of Chimimport AD for 2022, GM approves the annual report of the Management Board on the activity and management of Chimimport AD for 2022; to consider adoption of the report of the registered auditor, the specialized audit firm for verification and validation of the company's Annual Financial Statement; to approve and accept the verified and certified Annual Financial Statement of Chimimport AD for 2022; and to consider adoption of the Annual consolidated report of the Management Board on the activity and management. New Risk • Aug 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 105% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (лв164.9m market cap, or US$92.3m). Reported Earnings • Aug 06
First quarter 2023 earnings released: EPS: лв0.12 (vs лв0.062 in 1Q 2022) First quarter 2023 results: EPS: лв0.12 (up from лв0.062 in 1Q 2022). Revenue: лв244.3m (up 8.7% from 1Q 2022). Net income: лв27.7m (up 98% from 1Q 2022). Profit margin: 11% (up from 6.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: лв0.20 (vs лв0.17 in FY 2021) Full year 2022 results: EPS: лв0.20 (up from лв0.17 in FY 2021). Revenue: лв962.3m (down 1.0% from FY 2021). Net income: лв45.1m (up 15% from FY 2021). Profit margin: 4.7% (up from 4.0% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: лв0.15 (vs лв0.04 in 3Q 2021) Third quarter 2022 results: EPS: лв0.15. Revenue: лв203.4m (down 14% from 3Q 2021). Net income: лв5.50m (down 40% from 3Q 2021). Profit margin: 2.7% (down from 3.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Announcement • Jun 15
Chimimport AD, Annual General Meeting, Jul 14, 2022 Chimimport AD, Annual General Meeting, Jul 14, 2022, at 12:00 Coordinated Universal Time. Location: 2 Stefan Karadzha St. Soifa Bulgaria Agenda: To consider Individual and consolidated reports of the managing bodies on the company's activity in 2021; to consider the adoption of the 2021 individual and consolidated annual financial reports of the company; to consider the reports of the registered auditor on the 2021 audit; to consider the report of the Audit Committee on 2021; to consider the report of the Investor Relations Director on 2021; to consider the report on the implementation of the remuneration policy for the members of the managing bodies; to consider the release from liability of the members of the managing bodies for their activity in 2021; to consider the election of a registered auditor for 2022; to consider the financial result allocation decision Draft resolution: Allocation of the 2021 net profit of BGN 21,318,517.69 to the retained profit of the company; to consider the election of a law firm for legal services of the company; and to consider other matters. Reported Earnings • Jun 03
First quarter 2022 earnings released: EPS: лв0.091 (vs лв0.059 in 1Q 2021) First quarter 2022 results: EPS: лв0.091 (up from лв0.059 in 1Q 2021). Revenue: лв272.5m (down 4.3% from 1Q 2021). Net income: лв20.5m (up 53% from 1Q 2021). Profit margin: 7.5% (up from 4.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improved over the past week After last week's 32% share price gain to лв1.10, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 19x in the Industrials industry in Europe. Total loss to shareholders of 37% over the past three years. Reported Earnings • Mar 06
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: лв0.17 (up from лв0.14 in FY 2020). Revenue: лв972.3m (up 6.9% from FY 2020). Net income: лв39.1m (up 22% from FY 2020). Profit margin: 4.0% (up from 3.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: лв0.04 (up from лв0.03 in 3Q 2020). Revenue: лв237.6m (up 12% from 3Q 2020). Net income: лв9.16m (up 39% from 3Q 2020). Profit margin: 3.9% (up from 3.1% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 03
Second quarter 2021 earnings released: EPS лв0.04 (vs лв0.027 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: лв198.2m (down 7.0% from 2Q 2020). Net loss: лв541.0k (down 109% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 05
First quarter 2021 earnings released: EPS лв0.072 (vs лв0.073 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: лв284.6m (up 14% from 1Q 2020). Net income: лв16.4m (down 1.2% from 1Q 2020). Profit margin: 5.8% (down from 6.6% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year and the company’s share price has also fallen by 27% per year. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS лв0.14 (vs лв0.31 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: лв883.3m (down 23% from FY 2019). Net income: лв30.7m (down 57% from FY 2019). Profit margin: 3.5% (down from 6.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 26% per year. Is New 90 Day High Low • Jan 21
New 90-day high: лв0.99 The company is up 10.0% from its price of лв0.90 on 22 October 2020. The Bulgarian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 7.0% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS лв0.03 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: лв212.7m (down 26% from 3Q 2019). Net income: лв6.57m (up 108% from 3Q 2019). Profit margin: 3.1% (up from 1.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 26
New 90-day low: лв0.88 The company is down 13% from its price of лв1.01 on 28 July 2020. The Bulgarian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is down 3.0% over the same period. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total profits of лв37.4m, down 47% from the prior year. Total revenue was лв1.01b over the last 12 months, down 6.9% from the prior year.