Monbat represents a prominent value creation, driven by strong operational performance, enabled by a complete vertical integration that supports natural hedging to sustain growth and invest in new sources of marginal revenue and significant increase of the EV in the last twelve months as of Q2 2023.
Source of Wealth (Q2 2023)
Despite the difficult economic situation in recent years, stemming initially from the Covid-19 pandemic and subsequently from Russian – Ukrainian conflict at the beginning of 2022, resulted in numerous economic sanctions to Russia enforced by the European Union, the last led to a dramatic increase in both of energy prices and the Group's main raw materials, Monbat has demonstrated sustained operating results since 2020.
Year-to-year EBITDA increased by 1,4%, compared to the previous year (EUR 17 942 million for 2022).
The complicated macroeconomic environment in 2022 resulting from the conflict between Russia and Ukraine in which the European Union is indirectly a party, has led to a decline in demand, and therefore in sales, for rechargeable batteries in some of the Group's core markets. As of Q2 2023, the Company has been able to address and with adequate actions taken by management, to minimize the adverse effect on the Group. Management expectations are that the Company will be able to increase its sales volumes in the coming periods.