Monbat concludes the first quarter with strong results for March 2021

Financial
April 29, 2021

In March, 2021 the companies in the Economic group of Monbat AD have generated consolidated net sales revenues to the amount of BGN 33 109 thousand which represents an increase of 44,80% compared to the consolidated net sales revenues from continuing operations generated in March, 2020. 

The consolidated data for the first three months of 2021 shows that the companies in the economic group of Monbat AD have generated consolidated net sales revenues to the amount of BGN 89 821 thousand which represents an increase by 25% compared to the consolidated net sales revenues from continuing operations for the same period of 2020.

The generated net sales revenues from continuing operations for the first three months of 2021 in the amount of BGN 89 821 thousand are allocated as follows:

 

Production  

BGN      85 379 thousand

Products

BGN           123  thousand

Services

BGN         1434  thousand

Others

BGN         2885  thousand

The generated consolidated result before taxes of the companies in the economic group of Monbat AD for March, 2021 is a profit of BGN 2 698 thousand, which represents an increase by 110.10% compared to the consolidated result before taxes for the same period of 2020.

The consolidated data for the first three months of  2021 shows that the companies in the economic group of Monbat AD have generated profit before taxes to the amount of BGN 8 207 thousand, which represents an increase by 159.10% compared to the generated consolidated profit before taxes for same period of 2020.

The consolidated EBITDA of the Group for March 2021 stands at BGN 4 226 thousand which represents an increase by 24.50% to the consolidated EBITDA for March 2020.

The consolidated data for the first three months of 2021 show that the companies in the economic group of Monbat AD have generated EBITDA to the amount of BGN 12 965 thousand which represents an increase of 52.30% compared to same period of 2020.

Notes: Other revenues recognized in the comparable period for the first three months of 2020 are adjusted with BGN 1 305 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.