Hydraulic Elements and Systems announced earnings results for the month and year ended December 2019. For the year, the company reported sales edged up by an annual 0.26% to BGN 61.75 million. The company's preliminary gross profit dropped by an annual 16.96% to BGN 4.83 million last year.

For the month of December, the company reported sales of BGN 3.25 million.

In 2020, the company expects its net sales to fall by an annual 12% to some BGN 54 million.

Sales in January 2020 are projected at BGN 5.4 million, sharply down from the company's previously reported sales of BGN 6.6 million in January 2019.