Another strong month for Monbat Group with increase in EBITDA and net profit compared to September 2019

Financial
October 27, 2020

In September, 2020 the companies in the economic group of Monbat AD have generated consolidated net sales revenues to the amount of BGN 28 095 thousand which represents an increase of 3.10% compared to the consolidated net sales revenues from continuing operations generated in September, 2019.  

The consolidated data for the first nine months of  2020 shows that the companies in the economic group of Monbat AD have generated consolidated net sales revenues to the amount of BGN 218 175 thousand which represents a decrease by 5.70% compared to the consolidated net sales revenues from continuing operations for the same period of 2019.

The generated net sales revenues from continuing operations for the first nine months of 2020 in the amount of BGN 218 175 thousand are allocated as follows:

 

Production  

BGN  210 927 thousand

Products

BGN         866 thousand

Services

BGN      2 673 thousand

Others

BGN      3 709 thousand

 

The generated consolidated result before taxes of the companies in the economic group of Monbat AD for September, 2020 is a profit of BGN 1 911 thousand, which represents an increase by 6.30% compared to the consolidated result before taxes from continuing operations for the same period of 2019.

The consolidated data for the first nine months of  2020 shows that the companies in the economic group of Monbat AD have generated profit before taxes to the amount of BGN 10 080 thousand, which represents a decrease by 14.20% compared to the generated consolidated profit before taxes from continuing operations for same period of 2019.

The consolidated EBITDA of the Group for September 2020 stands at BGN 3 426 thousand which represents an increase by 2.20% to the consolidated EBITDA from continuing operations for September 2019.

The consolidated data for the first nine months of 2020 show that the companies in the economic group of Monbat AD have generated EBITDA to the amount of BGN 27 764 thousand which represents an increase of 2.70% compared to same period of 2019.

 

Notes:

1) Other revenues recognized in the comparable period January-September 2019 are adjusted with BGN 3,894 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.

2) The revenues from sales of production in the comparable period January-September 2019 were adjusted by BGN 450 thousand. The adjustment represents a pro-rata accrual with respect to expected value of annual bonuses for volume discounts related to batteries sold to certain distributors.