Monbat AD announced the 2018 H1 individual financial report
Financial
As at 30.06.2018 MONBAT AD reports individual net sales revenues in the amount of BGN 154 712 000 which represents an increase by 5.40 % compared to the individual net sales revenues generated as of 30.06.2017 in the amount of BGN 146 790 000.
The individual profit before taxes generated by MONBAT AD as at 30.06.2018 is in the amount of BGN 10 210 000 compared to the individual profit before taxes as at 30.06.2017 in the amount of BGN 3 518 000. This represents an increase of the profit before taxes by 190.22 %.
The individual net profit of MONBAT AD as at 30.06.2018 is in the amount of BGN 9 934 000 and reports an increase by 214.77 % compared to the individual net profit of the company as at 30.06.2017 which is in the amount of BGN 3 156 000.
As at 30.06.2018 EBITDA (profit before interest +amortization, decreased with financial incomes and increased with financial expenses) of MONBAT AD on an individual basis is in the amount of BGN 6 677 000 compared to EBITDA reported as at 30.06.2017 on an individual basis in the amount of BGN 6 726 000. This represents an EBITDA increase by 0.73 %.
As at 30.06.2018 EBIT (profit before interest, decreased with financial incomes and increased with financial expenses) of MONBAT AD on an individual basis is in the amount of BGN 3 705 000 compared to EBIT on an individual basis in the amount of BGN 3 665 000 as at 30.06.2017. This represents an EBIT increase by 1.09 %.
Important note: The comparative numbers for H1 2017 for EBITDA and profit before taxes are adjusted downwards with 2 050 thousand BGN. The adjustment relates to the effect on the comparative period numbers stemming from the change of accounting policy with respect to the recognition of technology waste. More details about the change of accounting policy could be found in note 4 of the Separate Financial statements of Monbat AD for FY 2017.
For the period 01.01.2018 – 30.06.2018 MONBAT AD has generated individual revenues from abroad totalling EUR 58 901 000 which represent 74.46 % of the total net sales revenues.
For the period 01.01.2018 – 30.06.2018 major market for MONBAT AD was France with EUR 10 555 020 sales revenues which represents 17.92 % of the total individual export of the company.
The generated individual sales revenues on the domestic market basis as of 30.06.2018 were in the amount of BGN 39 511 000 (EUR 20 202 000) and represent 25.54 % of the net sales revenues of the company.
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com