In November, 2019 the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of...

Financial
December 26, 2019

Dear Investors,

In November, 2019 the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 33 865 thousand which represents an increase of 6.30 % compared to the consolidated net sales revenues generated in November, 2018. 

The summarized data for the eleven months of 2019 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 310 558 thousand which represents an increase of 11.70 % compared to the consolidated net sales revenues for the same period of 2018.

 

The generated consolidated result from continuing operations (without the led lightning business segment) before taxes of the companies in the economic group of Monbat AD for November, 2019 is BGN 1 564 thousand.

The summarized data for the eleven months of 2019 show that the companies in the economic group of Monbat AD have generated profit from continuing operations before taxes in the amount of BGN 15 755 thousand, which represents an increase of 161,10 % compared to the generated consolidated profit from continuing operations before taxes for same period of 2018.

The summarized data for the eleven months of 2019 show that the companies in the economic group of Monbat AD have generated profit from continuing and discontinued operations before taxes in the amount of BGN 17 969 thousand, which represents an increase of 188 % compared to the generated consolidated profit before taxes for same period of 2018.

The consolidated EBITDA of the Group from continuing operations for the month of November 2019 stands at BGN 3 223 thousand which represents an increase of 100,60 % to the comparative period of 2018.

The consolidated EBITDA from continuing operations (without the led lightning business segment) of the Group for the eleven months of 2019 stands at BGN 34 396 thousand which represents an increase of 46,10  % compared to same period of 2018.

 

NOTE:

  1. EBITDA and consolidated profit for the comparable period January - November 2018 is decreased by BGN 577 thousand. The effect represents accrued revenue for expected state subsidy for the recycling of scrap batteries on the territory of the Republic of Serbia for the eleven months of 2018, which revenue was subsequently reversed at the end of 2018 due to a change of accounting policy applied for reporting state subsidies for recycling of scrap batteries.
  2. EBITDA and consolidated profit for the comparable period January - November 2018 is decreased by BGN 504 thousand. The effect represents expenses in connection with the terminated transaction for the acquisition of a controlling interest in the ASSAD Group in Tunisia, which were initially capitalized to be included as part of the value of the expected acquisition cost. The adjustments above do not affect the annual result for 2018 but have an effect only on the comparable periods of January- November 2018.
  3. The profit from discontinued operations for 2019 includes the accounting effect of the deconsolidation of led lightning business segment.