March 2020, Monthly Results

In March, 2020 the companies in the economic group of Monbat AD have generated consolidated net sales revenues from continuing operations in the amount of BGN 23 536 thousand which represents a decrease of 9.10 % compared to the consolidated net sales revenues generated in March, 2019.  

The summarized data for the first three months of  2020 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 73 160 thousand which represents a decrease by 11.50 % compared to the consolidated net sales revenues for the same period of 2019.

The generated net sales revenues from continuing operations for the first three months of  2020 in the amount of BGN 73 160 thousand are allocated as follows:

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 March, 2020 is a profit of BGN 1 284 thousand, which represents a decrease by 62.90 % compared to the prior period of 2019.

The summarized data for the first three months of  2020 show that the companies in the economic group of Monbat AD have generated profit before taxes in the amount of BGN 3 168 thousand , which represents a decrease by 58.10 % compared to the generated consolidated profit before taxes for same period of 2019.

The consolidated EBITDA of the Group from continuing operations for March 2020 stands at BGN 3 395 thousand which represents a decrease by 28.30 % to the comparative period of March 2019.

The summarized data for the first three months of 2020 show that the companies in the economic group of Monbat AD have reached EBITDA in the amount of BGN 8 514 thousand which represents a decrease by 27.9 % compared to same period of 2019.

Note:

In March 2019 the Group has recognized EBITDA to the amount of BGN 1,283 thousand related to accrued income with respect to government subsidy received in April 2019 for recycling of scrap batteries conducted by Monbat Recycling Serbia in 2018 on the territory of Republic of Serbia.

In March 2020 the Group has not recorded revenue in connection with the expected subsidy for 2019, as the subsidy has not been paid yet. Payment is expected to be made in May 2020.