June 29, 2017 1:14 PM ET

Aerospace and Defense

Company Overview of Vazovski Mashinostroitelni Zavodi (VMZ) AD

Company Overview

Vazovski Mashinostroitelni Zavodi (VMZ) AD manufactures and distributes artillery ammunitions. Additionally, it offers rocket launching system ammunition, portable anti-tank rocket-propelled grenade launcher, unguided aircraft rockets, anti-tank guided missiles, fuses, igniters, and pyro-delay mechanisms. Vazovski Mashinostroitelni Zavodi (VMZ) AD was founded in 1936 and is headquartered in Sopot, Bulgaria.

1, Ivan Vazov Boulevard

Sopot,  4330


Founded in 1936


359 2 980 55 04


359 313 4 60 25

Key Executives for Vazovski Mashinostroitelni Zavodi (VMZ) AD

Compensation as of Fiscal Year 2016.

Vazovski Mashinostroitelni Zavodi (VMZ) AD Key Developments

VMZ Announces Financial Results for the First Quarter of 2017

VMZ announced financial results for the first quarter of 2017. The company reported net profit fell by 25.1% year-on-year to BGN 28 million in the first quarter. Total revenues edged down to BGN 92.8 million in the first quarter from BGN 93.6 million in the corresponding period last year.

VMZ Reports Earnings Results for the First Nine Months Ended September 2016

VMZ reported earnings results for the first nine months ended September 2016. For the period, the company reported net profit rose to BGN 129.6 million ($73.4 million) in the first nine months of the year compared to BGN 14.97 million in the same period last year. Total revenues surged to BGN 304.4 million in the first nine months from BGN 80.2 million a year a year ago.

Bulgaria To Stop Privatization Of VMZ And Kintex

Bulgaria plans to prohibit the privatization of Vazovski Mashinostroitelni Zavodi (VMZ) AD and Kintex EAD. "The approval of the bill by the parliament will guarantee the companies' stability and future development", government's press office said.

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Recent Private Companies Transactions

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