Hydraulic Elements and Systems AD
BBSEBG:HES2.66
EUR
+0.02
(+0.76%)
ISIN
BG11HIYMAT14
Return %
Stock
S&P 500
1Y
1.02
14.20
3Y
-18.07
81.12
5Y
-23.49
68.34
Capital Structure
FRC
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FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Vasil Georgiev Velev
- Full Time Employees
- 491
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- Yambol Bulgaria
- IPO Date
- May 19, 1998
- Website
- hes-co.com
- Similar Companies
- Business
- Hydraulic Elements and Systems AD is a Bulgaria-based engineering and manufacturing company specializing in the development, production, and distribution of hydraulic components and fluid power systems. Founded in 1968 and headquartered in Yambol, Bulgaria, the company operates as a publicly listed subsidiary of the industrial holding group Stara Planina Hold AD, trading on the Bulgarian Stock Exchange under the ticker HES. The company primarily develops customized and standardized hydraulic actuation solutions engineered for integration into heavy-duty mobile machinery and stationary industrial equipment. The company's core product and service portfolio comprises: single-acting and double-acting piston hydraulic cylinders, available with or without end-of-stroke damping, featuring piston diameters from 30 mm to 300 mm and stroke lengths up to 2,500 mm; single-acting plunger hydraulic cylinders with plunger diameters ranging from 20 mm to 250 mm and stroke lengths up to 3,000 mm; single-acting telescopic hydraulic cylinders engineered with up to eight stages and stroke capacities up to 8,000 mm; double-acting telescopic hydraulic cylinders with up to three stages and stroke lengths up to 4,500 mm; rack-and-pinion hydraulic cylinders with piston diameters up to 100 mm and strokes up to 500 mm; and axial piston machines, including fixed-displacement and variable-displacement swash-plate hydraulic pumps and motors manufactured in technical partnership with M+S Hydraulic AD. In addition to finished hydraulic assemblies, the company provides industrial manufacturing and metallurgical processing services, including high-precision multi-axis CNC turning and milling, deep-hole drilling, automated robotic welding, induction hardening, honing, and hard chrome plating for piston rods and plungers designed to withstand working pressures up to 32 MPa. Hydraulic Elements and Systems AD caters primarily to original equipment manufacturers (OEMs) and system integrators across multiple capital goods sectors, including agricultural machinery such as tractors, combines, and harvesters; construction and infrastructure equipment such as excavators, road rollers, and concrete pumps; material handling and lifting systems such as forklift trucks, reach stackers, cranes, and aerial work platforms; municipal vehicles; and industrial hydraulic presses. Geographically, the company operates a predominantly export-oriented business model, supplying clients across the European Union—notably in Germany, Austria, France, and Italy—as well as across markets in North America and Asia. In recent developments, Hydraulic Elements and Systems AD has sustained a capital investment and operational modernization program centered on the automation of its Yambol production base, commissioning advanced multi-axis CNC machining centers and automated welding units to expand production capacity and enhance manufacturing tolerances. The company maintains an ongoing strategic partnership with M+S Hydraulic AD to advance co-developed axial piston pump and motor product lines tailored for higher-efficiency electro-hydraulic systems. Following cyclical manufacturing demand fluctuations, the company demonstrated a commercial and operational recovery through 2025 and 2026, delivering double-digit revenue expansion supported by working capital financing arrangements with parent entity Stara Planina Hold AD, while upholding its shareholder capital return strategy through annual dividend payouts.