Monbat

Monbat acquires two lithium-ion batteries producers in Germany

Leading lead acid batteries producer in Bulgaria Monbat (5MB BU) acquired two lithium-ion batteries companies in Germany, according to a regulatory announcement by the Company. Lithium-ion batteries – the new market for Monbat Monbat acquired 100% of GAIA Akkumulatorenwerke GmbH and EAS Germany GmbH (a JV between GAIA and Enersys/Hawker). It plans to merge them… Read more

Monbat

Monbat forecasts double EBITDA by 2021

The leading lead-acid car batteries producer in Bulgaria – Monbat (5MB BU), aims to double EBITDA by 2021 on volumes, new technology and business diversification, according to the Company’s 2017 2021 Development Plan, published on the stock exchange. Monbat forecasts av. 10% annual revenue expansion Average volume growth for the forecasted period is expected at… Read more

Monbat

Lead-acid batteries producer Monbat books 19% rise in sales and 14% in EBT for Jan’17

Leading lead-acid batteries producer in Bulgaria Monbat books 19% y/y rise in sales and 14% y/y rise in earnings before taxes in Jan’17, according to preliminary monthly data published by the Company. January 2017 sales came at BGN 25.1m, up 18.7% y/y as LME prices remain strong. Some margin erosion, however, was evident. EBITDA of… Read more

Monbat

Batteries producer Monbat reports all-time-high results in FY 2016

Leading car batteries producer in Bulgaria, Monbat, reports all-time-high FY2016 group results, according to preliminary data posted by the Company. The Company announced 7.21% y/y rise in consolidated top line to BGN 263.7m for FY2016 on both rising volumes and surging LME prices. This is the strongest top line result for the Group ever. Batteries… Read more

Monbat

30% rally for Monbat shares over the last 3 months

The largest lead-acid battery producer in Bulgaria, Monbat, booked third consecutive quarter of strong results on rising volumes and surging LME prices. The fundamentals power surge together with a bullish market sentiment – these led to a 30% stock rally over the last three months. 9M results – margin sustained above regional peers Monbat delivered… Read more

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