November 2018, Monthly Results
Financial
Dear Investors,
In November, 2018 the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 31 854 000 which represents a decrease by 7.5 % compared to the consolidated net sales revenues generated in November, 2017.
The summarized data for the eleven months of 2018 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 278 049 000 which represents a decrease by 6.30 % compared to the consolidated net sales revenues for the same period of 2017.
The generated consolidated loss of the companies in the economic group of Monbat AD for November, 2018 is BGN 825 000 which represents a decrease by 143.30 % of the generated consolidated result compared to the generated consolidated result for November, 2017.
The summarized data for the eleven months of 2018 show that the companies in the economic group of Monbat AD have generated profit from operations before taxes in the amount of BGN 7 321 000, which represents a profit decrease by 68.90 % compared to the generated consolidated profit before taxes for same period of 2017.
In November, 2018 the companies in the economic group of Monbat AD have reached EBITDA from operations in the amount of BGN 968 000 which represents a decrease by 71.30 % compared to the achieved in November, 2017.
The summarized data for the eleven months of 2018 show that the companies in the economic group of Monbat AD have reached EBITDA from operations in the amount of BGN 26 658 000 which represents a decrease by 31.10 % compared to same period of 2017.
Important Note: EBITDA and profit before taxes for the comparative period of 2017 are adjusted downwards with:
- 1 650 000 BGN representing the eleven mounts period of 2017 effect stemming from the correction of the accounting error with respect to the non-elimination of intragroup profit on unrealized inventory. More details about the accounting error could be found in the consolidated audited financial report of Monbat as at 31.12.2017
- 1 990 000 BGN with respect to the effect on the eleven mounts period of 2017 comparative figures coming from the lack of government subsidy in Monbat Recycling Serbia. The expected subsidy was initially accounted in the Consolidated Financial Statements of Monbat AD for 2017 but was consequently reversed due to the occurrence of adjusting subsequent events which are described in more detail in the consolidated audited financial report of Monbat as at 31.12.2017
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com