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BA Glass Bulgaria EAD (Bulgaria)

Main Activities: Glass Container Manufacturing
Full name: BA Glass Bulgaria EAD Profile Updated: March 15, 2022
Buy our report for this company USD 29.95 Most recent financial data: 2020 Available in: English Download a sample report

Bulgaria's leading glassware maker BA Glass Bulgaria AD, former Druzhba Glassworks, was initially established in 1931. The company is engaged in the production and sale of glass packaging materials - bottles and jars of different size. Its products are designed for the canned food, wine and beer production industries. BA Glass Bulgaria AD has the capacity to produce 1 billion pieces of glass containers per year.
In July 1998, Bulgaria's Privatisation Agency sold a 51% stake in the glassware maker to Cyprus-registered Bareck Overseas Ltd., which is affiliated to Greece's glass producer Yioula, for USD 20 million. The Greek glass maker, together with two other companies, purchased in January 1997 a 70% stake in another Bulgarian glassware plant Stind for USD 4.05 million via its Cyprus-registered arm Glassinvest. In June 2003, the Greek owner decided to merge Druzhba with its other subsidiary in Bulgaria – the Sofia-based Stind.

Headquarters
1 Prof. Ivan Georgov Str.
Sofia; Sofia - city; Postal Code: 1220

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Website: http://www.baglass.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Ratings:
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Incorporation Date:
December 27, 2004
Key Executives
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Executive Director and Member of the Board of Directors
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Executive Director and Member of the Board of Directors
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Executive Director and Member of the Board of Directors
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Executive Director and Member of the Board of Directors
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Executive Director and Member of the Board of Directors
Ownership Details
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100%
Subsidiaries
Ambalazh Sofia Grad
100%
Ayva Glass Manufacturers Limited (Cyprus)
100%
Beluksen Enterprises Limited (Cyprus)
100%
Company Performance
Financial values in the chart are available after BA Glass Bulgaria EAD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
58.78%
Total operating revenue
58.51%
Operating profit (EBIT)
63.88%
EBITDA
48.15%
Net Profit (Loss) for the Period
59.62%
Total assets
21.89%
Total equity
48.35%
Operating Profit Margin (ROS)
0.26%
Net Profit Margin
0.04%
Return on Equity (ROE)
2.3%
Debt to Equity Ratio
2.03%
Quick Ratio
0.23%
Cash Ratio
0.3%

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