Company Korado-Bulgaria AD

Equities

KBG

BG11LUSTAT13

Construction Supplies & Fixtures

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Company contact information

Sector

Sales per Business

Chiffre d''affaires - Rate of surprise

Sector Plumbing Fixtures & Fittings

End-of-day quote Bulgaria S.E. Other stock markets 06:00:00 2024-04-15 pm EDT			5-day change	1st Jan Change
4.26 ^BGN	+0.47%		+0.47%	+4.93%

Jan. 30	Korado-Bulgaria AD Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Korado-Bulgaria AD Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Korado Bulgaria AD is a Bulgaria-based company that specializes in the production and distribution of central heating equipment. The Company produces flat panel radiators, bathroom radiators, fitting elements and solid fuel fireplaces. Korado Bulgaria AD is a subsidiary of Korado AD, which is a Czech steel radiator manufacturer. The Company exports approximately 90% of its production to Germany, Serbia, Montenegro, Bosnia and Herzegovina, Macedonia, the Czech Republic, Germany, Ukraine and the Russian Federation, among others. Korado Bulgaria AD operates a plant in the city of Strazhitsa and a number of warehouses throughout Bulgaria. As of December 31, 2011, the Companyâs major shareholder was Korado A.S. with a stake of 98.2%.

BGN in Million	2022	Weight	2023	Weight	Delta
Steel Panel Radiator Products 97.3 %	54	97.7 %	39	97.3 %	-28.93%
Steel Panel Radiator Goods 1.7 %	1	1.5 %	1	1.7 %	-16.17%
Others 0.9 %	0	0.7 %	0	0.9 %	-10.97%
Steel Panel Radiator Services 0.1 %	0	0.1 %	0	0.1 %	-47.37%

BGN in Million	2022	Weight	2023	Weight	Delta
Bulgaria 100.0 %	56	100.0 %	40	100.0 %	-28.64%

Managers	Title	Age	Since
Jiri Reznicek CEO	Chief Executive Officer	-	-
Dobri Bondzhukov CTO	Chief Tech/Sci/R&D Officer	-	-
Snezhana Baycheva IRC	Investor Relations Contact	-	-
Jana Havlova PRN	Corporate Officer/Principal	-	-
Irena Milanova HRO	Human Resources Officer	-	-
Tsvetelina Kabakchieva SAM	Sales & Marketing	-	-
Silviya Stefanova PRN	Corporate Officer/Principal	-	-

Members of the board	Title	Age	Since
Tomash Kolert CHM	Chairman	-	-
Ivan Lyaskov BRD	Director/Board Member	-	-
Eva Voborova BRD	Director/Board Member	-	-
Jiri Reznicek CEO	Chief Executive Officer	-	-
Evelina Velikova BRD	Director/Board Member	-	-

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	13,168,614	167,892 ( 1.275 %)	0	1.275 %

Korado Bulgaria AD

28 Gladston Street

5150, Strazhitsa

+359 6 161 42 45

http://www.korado.bg

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.26 BGN

Average target price

5.04 BGN

Spread / Average Target

+18.31%

Consensus

Company calendar

Consumer Cyclicals

Cyclical Consumer Products

Homebuilding & Construction Supplies

Construction Supplies & Fixtures

Plumbing Fixtures & Fittings

	1st Jan change	Capi.
KORADO-BULGARIA AD	+4.93%	30.52M
GEBERIT AG	-7.40%	18.2B
ADVANCED DRAINAGE SYSTEMS, INC.	+11.81%	12.18B
ASTRAL LIMITED	+4.19%	6.38B
ZHEJIANG WEIXING NEW BUILDING MATERIALS CO., LTD.	+16.79%	3.61B
RELIANCE WORLDWIDE CORPORATION LIMITED	+16.93%	2.61B
ALIAXIS SA	+5.71%	2.46B
UPONOR OYJ	+1.42%	2.21B
FINOLEX INDUSTRIES LIMITED	+20.33%	1.85B
CHINA LESSO GROUP HOLDINGS LIMITED	-26.47%	1.2B

Plumbing Fixtures & Fittings