February 2012, Monthly Results

Financial
March 23, 2012

We would like to announce that in February , 2012 Monbat Plc and Monbat Recycling EAD have generated consolidated netincomes from sales to the amount of BGN 15350 000 which represents a 10.43 % decrease compared to the consolidated net incomes fromsales, generated by Monbat Plc and Monbat Recycling EAD in February, 2011 .
The summarized data forthe first two months of 201 2 show that Monbat Plc and Monbat Recycling EAD have generated consolidated net incomes from sales to the amount of BGN 29485 000 which represents a 22.80 % decrease compared to the consolidated net incomes fromsales, generated by Monbat Plc and Monbat Recycling EAD for the sameperiod of 2011.
The generatedconsolidated profit before taxes of Monbat Plc and Monbat Recycling EAD for February, 2012 is BGN 1123 000, which represents a profit decrease of 51.23 % compared to the consolidatedprofit, generated by Monbat Plc and Monbat Recycling EAD in February 2011.
The summarized data forthe first two months of 2012 show that Monbat Plc and Monbat Recycling EAD have generated profit to the amount of BGN 1422 000, which represents a profit decrease of 72.57 % compared to the consolidated profit, generatedby Monbat Plc andMonbat Recycling EAD for the same period of 2011.
The weaker results generated in February 2012 compared to th e results achieved in February 2011 are due to thefollowing reasons :

  • Weaker demand for the production ofMonbat Plc in the eur opianmarkets in February 2012 compared to February 2011;
  • A decrease on the price of the basic row material– lead for the first two months of 201 2 with 300 euro to the averageprice of 1600 euro per metric ton compared to the same period of 2011,which influence s theeffectiveness of MonbatRecycling EAD and Monbat Plc respectively . 

The management of Monbat Plc expects equalization of theconsolidated results in March 2012 with those of March 2011 and achievement ofhigher consolidated results during the second quarter of 2012 compared to thoseachieved in the second quarter of 2011.

contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com