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Batteries

Monbat Group provides a wide range of battery products and solutions for a variety of end-market applications

Automotive
Automotive
Agriculture
Agriculture
Public Transportation
Public Transportation
Marine
Marine
Defence
Defence
Industrial
Industrial
Aerospace
Aerospace
Telecommunications
Telecommunications
Renewable sources
Renewable sources

LEAD ACID BATTERIES

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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:

  • starter batteries
  • stationary batteries
  • deep cycle batteries
  • special batteries
  • locomotives batteries
  • leisure batteries

RECYCLING

RECYCLING contacts

The division operates in recycling and trading activities of

  • lead acid scrap batteries
  • lead alloys
  • polyethylene and polypropylene materials

Recycling facilities are located in Bulgaria as well as in Italy, Romania and Serbia.

LITHIUM ION SOLUTIONS

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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:

  • public transport
  • commercial fleet
  • construction machines
  • marine
  • harbour
  • and airport operations

March 2020, Monthly Results

Financial

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:

Production  BGN  69 297 thousand
Products BGN       512 thousand
Services BGN       908 thousand
OthersBGN    2 443 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 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.