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Sofia Med AD (Bulgaria)

Main Activities: Nonferrous Metal (except Aluminum) Smelting and Refining | Copper Rolling, Drawing, Extruding, and Alloying | Nonferrous Metal Die-Casting Foundries
Full name: Sofia Med AD Profile Updated: September 08, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Sofia Med is a Bulgarian company specialized in the production of rolled and extruded copper, copper alloy and zinc products. The manufacturing facilities of the Sofia-based firm are organized in 3 units - Foundry, Rolling and Extrusion mills, which span over 250,000 square meters. The product range of the company features 3 main groups - Industrial, Building and Extruded copper and brass products.
Sofia Med, which was established in 1937, is a successor of local non-ferrous metal products maker KOCM. In May 1997, Bulgaria's Privatisation Agency sold 57% of KOCM to local company Bulmetal Sofia for USD 2.5 million, payable half in cash and half in government bonds. The buyer pledged to invest USD 12.3 million in the company in the next five years and settle USD 4.9 million and DEM 6.0 million of the firm's debts towards the state and creditors. However, the new owner failed to meet its investment commitments and the plant halted production in 1999 and was later put in the hands of the court. In December 1999, Greek Halcor acquired the assets of the KOCM for an undisclosed amount, and established a new company called Sofia Med.

Headquarters
4 Dimitar Peshev Str.
Sofia; Sofia - city; Postal Code: 1528

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Website: http://www.sofiamed.bg

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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Incorporation Date:
November 26, 1999
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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89.56%
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10.44%
Company Performance
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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
48.71%
Total operating revenue
49.14%
Operating profit (EBIT)
195.37%
EBITDA
117.73%
Net Profit (Loss) for the Period
201.26%
Total assets
26.18%
Total equity
22.13%
Operating Profit Margin (ROS)
2.85%
Net Profit Margin
1.97%
Return on Equity (ROE)
10.37%
Debt to Equity Ratio
4.12%
Quick Ratio
-0.01%
Cash Ratio
-0.06%

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