Adjustments to the Adopted Forecast for 2013 on Net Sales Revenues
Financial
We would like to hereby inform that after considering the consolidated results of Monbat achieved during the third quarter of 2013, at its session the company’s Board of Directors adopted a resolution to make adjustments in the adopted Forecast for 2013 on the expected data for the net sales revenues, net profit and EBITDA on a consolidated basis as follows:
| Net Sales Revenue 2013 | Net Profit 2013 | EBITDA 2013 |
| BGN 269 905 000 | BGN 27 773 000 | BGN 44778 000 |
The adjustments in the Forecast are necessary due to the difference in the estimated price of the main raw materials – lead, which was planned for 2013, namely EUR 1 850 per ton. According to the currently available information, the price of lead for 2013 is expected to be at levels below EUR 1 600 per ton.
The Board of Directors of Monbat Plc approved a Business plan for the development of the companies, included in the economic group of Monbat Plc for 2014. The Business plan also contains a Forecast on the expected data for the net sales revenues, net profit and EBITDA on consolidated basis, as follows:
| Net Sales Revenue 2014 | Net Profit 2014 | EBITDA 2014 |
| BGN 316 840 000 | BGN 37 160 000 | BGN 55 935 000 |
The 2014 Forecast is based on the expected average lead price for 2014 – EUR 1700 per ton.
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com