Strong start for Monbat Group in 2021, with growth in the consolidated EBITDA of 56.3%
Financial
In January, 2021 the companies in the Economic group of Monbat AD have generated consolidated net sales to the amount of BGN 27 194 thousand which represents an increase of 8.30% compared to the consolidated net sales generated in January, 2020.
The generated net sales for January 2021 to the amount of BGN 27 194 thousand are allocated as follows:
| Production | BGN 26 502 thousand |
| Products | BGN 31 thousand |
| Services | BGN 361 thousand |
| Others | BGN 300 thousand |
The generated consolidated net profit before taxes of the companies in the economic group of Monbat AD for January, 2021 is a profit of BGN 2 590 thousand, which represents an increase by 170.10% compared to the consolidated net profit before for the same period of 2020.
The consolidated EBITDA of the Group for January 2021 stands at BGN 4 188 thousand which represents an increase by 56.30% to the consolidated EBITDA for January 2020.
Notes: Other revenues recognized in the comparable period January 2020 are adjusted with BGN 629 thousand. The value of the adjustment relates to recorded revenues in connection with fixed assets sold on sale and lease back arrangement, for which after review it has been concluded that the criteria stipulated in IFRS 15 for revenue recognition and respectively write-off of the carrying amount of the sale have not been met.