Announcement regarding the publishing of the Annual financial report
Financial
Head Office
32 A Cherni vrah blvd., fl. 4 | 1407 Sofia, Bulgaria
tel. +359 2 962 11 50 | fax: +359 2 962 11 46
e-mail: contact@monbat.com
Monbat Group provides a wide range of battery products and solutions for a variety of end-market applications
LEAD ACID BATTERIES
The lead acid battery business focuses on the production of lead-acid automotive and stationary batteries and their servicing. The products in this segment can be divided into the following main groups:
RECYCLING
The division operates in recycling and trading activities of
Recycling facilities are located in Bulgaria as well as in Italy, Romania and Serbia.
LITHIUM ION SOLUTIONS
The lithium-Ion business segment operates under the EAS brand and provides cells and systems based on safe and proven LFP chemistry. The adopted cylindrical cells technology and the modular-based packing approach of the battery and systems allows EAS to maintain its attractive product range of High Power (HP) batteries for selected industries such as:
Financial
In relation with the instructions of the Financial Supervision Commission, published on 27.03.2020, we hereby announce that regarding the declared State of Emergency with a Decision of the National Assembly of the Republic of Bulgaria and the Law on Measures and Actions adopted during the State of Emergency, announced by a Decision of the National Assembly of March 13, 2020, promulgated in issue 28 of March 24, 2020 of the State Gazette, Monbat AD will publish the audited annual financial report as of 31.12.2019, on 15.05.2020.
The underlying reason for the delay is the introduced remote working mode and the constant exchange of e-correspondence between the financial department and the registered auditors regarding the clarification of individual items on the balance sheet of the Company, as well as additional information regarding the effects of COVID-19 on the company’s activity.