Hydraulic Elements and Systems AD reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BGN 0.791 million compared to BGN 0.689 million a year ago. Revenue was BGN 26.57 million compared to BGN 24.12 million a year ago.

Net income was BGN 1.89 million compared to BGN 2.73 million a year ago.