Monbat AD has announced the 2019 annual individual audited financial report as at 31.12.2019
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
As of 31.12.2019 Monbat AD generated individual net sales revenues in the amount of BGN 312 265 000 which represents 6,28% increase compared to the generated as of 31.12.2018 net sales revenues in the amount of BGN 293 803 000.
As of 31.12.2019 Monbat AD generated profit before taxes in the amount of BGN 7 586 000 which represents 24,70% a profit decrease compared to the profit before taxes generated in 2018 at the amount of BGN 10 075 000.
The individual net profit of Monbat AD as of 31.12.2019 is BGN 6 981 000 and reports a 28,27% profit decrease compared to the individual net profit of the entity for 2018 which was BGN 9 732 000.
More information here.