Billboard Gets Listed In November, Price Per Share To Be Between 5 And 7 Leva

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“Billboard AD is filing its prospectus with the Financial Supervision Commission today and we are hoping to be able to complete the initial capital increase procedures by November,”Vasil Ganchev, financial director told Profit.bg, “The price per share will be between 5 and 7 leva. First Financial Brokerage house will be manager of the issue,” he added.

Billboard will issue 1.5 mln new shares, which means that if the offering is successful the company will generate 10.5 mln leva (5.368 mln euros). According to Mr. Ganchev, investors are showing a significant interest in the issue. The company's capital currently stands at 6 mln leva (3.067 mln euros).

The issue was registered with Central Depository today.

The company expects consolidated sales revenue in the amount of 25 mln leva (12.782 mln euros), or 47% up from last year, when it posted sales in the amount of 17 mln leva (8.691 mln euros). Net profit is projected at 2.7 mln leva (1.380 mln euros), versus 2 mln leva (1.022 mln euros) a year ago.

The company has a 40% share on the market of wide format printing, and 15% on the market of offset printing, Billboard's Kalin Ganchev told Profit.bg in June. He also added that the company has more than 3,000 clients and employs 350 people.

Billboard AD operates in the field of wide format digital printing and advertising materials. The company has four subsidiaries – Dedrax, DPS Bulgaria, Motion Arts, and Nimisoft.

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