July 2019, Monthly Results
Financial
Dear Investors,
In July, 2019 the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 24 899 thousand which represents an increase of 1.50 % compared to the consolidated net sales revenues generated in July, 2018.
The summarized data for the first seven months of 2019 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 183 518 thousand which represents an increase of 14.20 % compared to the consolidated net sales revenues for the same period of 2018.
The generated net sales revenues for the first seven months of 2019 in the amount of BGN 183 518 thousand are allocated as follows:
| Production | BGN 170 162 thousand |
| Products | BGN 1 132 thousand |
| Services | BGN 3 025 thousand |
| Others | BGN 9 199 thousand |
The generated consolidated result from continuing operations (without the led lightning business segment) before taxes of the companies in the economic group of Monbat AD for July, 2019 is BGN 772 thousand, which represents an increase of 77.5% compared to the prior period.
The summarized data for the first seven months of 2019 show that the companies in the economic group of Monbat AD have generated profit from continuing operations before taxes in the amount of BGN 8 846 thousand, which represents an increase of 186.50 % compared to the generated consolidated profit from continuing operations before taxes for same period of 2018.
The summarized data for the first seven months of 2019 show that the companies in the economic group of Monbat AD have generated profit from continuing and discontinued operations before taxes in the amount of BGN 11 060 thousand, which represents an increase of 233.80 % compared to the generated consolidated profit before taxes for same period of 2018.
The consolidated EBITDA of the Group from continuing and discontinued operations for the month of July 2019 stands at BGN 2 626 thousand which represents an increase of 24.2 % to the comparative period.
The consolidated EBITDA from continuing operations (without the led lightning business segment) of the Group for the first seven months of 2019 stands at BGN 21 086 thousand which represents an increase of 44.5 % compared to same period of 2018.
NOTE:
1) EBITDA and consolidated profit for the comparable period January-July 2018 is decreased by BGN 577 thousand. The effect represents accrued revenue for expected state subsidy for the recycling of scrap batteries on the territory of the Republic of Serbia for the first seven months of 2018, which revenue was subsequently reversed at the end of 2018 due to a change of accounting policy applied for reporting state subsidies for recycling of scrap batteries.
2) The profit from discontinued operations in July 2019 includes the accounting effect of the deconsolidation of led lightning business segment.
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com