September - Monthly Result
Dear Investors,
In September, 2018 the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 22 217 000 which represents a decrease by 30.50 % compared to the consolidated net sales revenues generated in September, 2017.
The summarized data for the first nine months of 2018 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 213 587 000 which represents a decrease by 6.30 % compared to the consolidated net sales revenues for the same period of 2017.
The generated consolidated profit before taxes of the companies in the economic group of Monbat AD for September, 2018 is BGN 1 249 000 which represents a profit decrease by 43.70 % compared to the generated consolidated profit before taxes for September, 2017.
The summarized data for the first nine months of 2018 show that the companies in the economic group of Monbat AD have generated profit before taxes in the amount of BGN 6 184 000, which represents a profit decrease by 66.20 % compared to the generated consolidated profit before taxes for same period of 2017.
In September, 2018 the companies in the economic group of Monbat AD have reached EBITDA in the amount of BGN 2 830 000 which represents a decrease by 19.70 % compared to the achieved in September, 2017.
The summarized data for the first nine months of 2018 show that the companies in the economic group of Monbat AD have reached EBITDA in the amount of BGN 22 101 000 which represents a decrease by 27.60 % compared to same period of 2017.
Important Note: EBITDA and profit before taxes for the comparative period of 2017 are adjusted downwards with:
∙ 3 050 000 BGN representing the nine mounts period of 2017 effect stemming from the correction of the accounting error with respect to the non-elimination of intragroup profit on unrealized inventory. More details about the accounting error could be found in the consolidated audited financial report of Monbat as at 31.12.2017
∙ 1 642 000 BGN with respect to the effect on the nine mounts period of 2017 comparative figures coming from the lack of government subsidy in Monbat Recycling Serbia. The expected subsidy was initially accounted in the Consolidated Financial Statements of Monbat AD for 2017 but was consequently reversed due to the occurrence of adjusting subsequent events which are described in more detail in the consolidated audited financial report of Monbat as at 31.12.2017
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com