MONBAT HAS ANNOUNCED THE Q2 2019 CONSOLIDATED FINANCIAL REPORT

Financial
August 29, 2019

As at 30.06.2019 MONBAT AD reports consolidated net sales revenues in the amount of BGN 156 598 000 which represents an increase by 18.24 % compared to the consolidated net sales revenues generated as of 30.06.2018 in the amount of BGN 132 442 000.

The consolidated profit before taxes generated by MONBAT AD as at 30.06.2019 is in the amount of BGN 8 092 000 compared to the consolidated profit before taxes as at 30.06.2018 in the amount of BGN 1 248 000. This represents an increase of the profit before taxes by 548.40 %.

The consolidated net profit of MONBAT AD as at 30.06.2019 is in the amount of BGN 6 421 000 and reports an increase by 620.65 % compared to the consolidated net profit of the company as at 30.06.2018 which is in the amount of BGN 891 000.

As at 30.06.2019 EBITDA from continuing operations (profit before interest + amortization, decreased with financial incomes and increased with financial expenses) of MONBAT AD on a consolidated basis is in the amount of BGN 18 462 000 compared to EBITDA reported as at 30.06.2018 on a consolidated basis in the amount of BGN 11 056 000. This represents an EBITDA increase by 66.99 %.

As at 30.06.2019 EBIT from continuing operations (profit before interest, decreased with financial incomes and increased with financial expenses) of MONBAT AD on a consolidated basis is in the amount of BGN 10 464 000 compared to EBIT on a consolidated basis in the amount of BGN 3 891 000 as at 30.06.2018. This represents an EBIT increase by 168.93 %.

For the period 01.01.2019 – 30.06.2019 MONBAT AD has generated consolidated revenues from abroad totaling EUR 71 575 000 which represent 89.39 % of the total net sales revenues.

For the period 01.01.2019 – 30.06.2019 major market for MONBAT AD was Germany with EUR 8 095 000 sales revenues which represents 11.31% of the total consolidated export of the company.

The generated consolidated sales revenues on the domestic market basis as of 30.06.2019 were in the amount of BGN 16 610 000 (EUR 8 492 000) and represent 10.61 % of the net sales revenues of the company.

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