Monbat has announced the Q1 2020 individual financial report

As at 31.03.2020 Monbat AD reports individual net sales revenues in the amount of BGN 74 518 000 which represents an decrease by 21.34% compared to the individual net sales revenues generated as of 31.03.2019 in the amount of BGN 94 736 000.

The individual profit before taxes generated by Monbat AD as at 31.03.2020 is in the amount of BGN 3 974 000 compared to the individual profit before taxes as at 31.03.2019 in the amount of BGN 3 697 000. This represents an increase of the profit before taxes by 7.49%.

The individual net profit of Monbat AD as at 31.03.2020 is in the amount of BGN 3 512 000 and reports an increase by 5.50% compared to the individual net profit of the company as at 31.03.2019 which is in the amount of BGN 3 329 000.

As at 31.03.2020 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 5 815 000 compared to EBITDA reported as at 31.03.2019 on an individual basis in the amount of BGN 5 347 000. This represents an EBITDA increase by 8.75%.

As at 31.03.2020 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 4 153 000 compared to EBIT on an individual basis in the amount of BGN 3 866 000 as at 31.03.2019. This represents an EBIT increase by 7.42%.

As a result of its marketing and distribution strategy, Monbat enjoys excellent market diversification, with sales in more than 75 countries in the 2020 Q1 and important markets for this period are France, Netherlands, Germany, Great Britain and Russia. With its well-developed distributor network Monbat accesses end customers in from all the major markets in the EU. Starter batteries ultimately are retailed through automotive retailers and repair shops. Stationary batteries are sold directly to telecom companies and other users.

For the period 01.01.2020 – 31.03.2020 Monbat AD has generated individual revenues from abroad totaling EUR 29 889 000 which represent 78.45% of the total net sales revenues.

For the period 01.01.2020 – 31.03.2020 major market for Monbat AD was France with EUR 3 087 000 sales revenues which represents 10.33% of the total individual export of the company.

The generated individual sales revenues on the domestic market basis as of 31.03.2020 were in the amount of BGN 16 059 000 (EUR 8 211 000) and represent 21.55 % of the net sales revenues of the company.

For more information you can contact:
For Monbat AD
Daniela Peeva, IR Director
Tel. +3592/9882413
E-mail: investorrelations@monbat.com