Monbat

Monbat to issue convertible bonds up to EUR 30m with ELANA Trading as broker

The leading Bulgarian car batteries producer Monbat to issue up to EUR 30m 7-year convertible bonds. The Board of Directors adopted the decision for the issuance of up to EUR 30 million and selected ELANA Trading to be the broker for the bond issue. Monbat bond issue terms The capital raised will be used for… Read more

Atanas Bobokov, Board chairman, Monbat (Photo credit: capital.bg)

From Monbat Investor Day: Planning triple EBITDA by 2021

Leading lead acid car batteries producer Monbat plans to triple EBITDA by 2021 to EUR 68.9m from FY2016 level, the Company’s management said at an investors’ day on September 27th 2017 in Sofia. Monbat is looking into scaling up the business by 2021 via organic growth, expansion with acquisitions in its organic business, recycling diversification… Read more

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

Roadshow: Bulgarian Capital Market Day in London on 18 May 2017

A special Bulgarian Capital Market Day for CEE-focused investors will take place at EBRD headquarters on 18 May 2017 presenting for one day an insight in CEE regional development and Bulgarian capital market in-depth.

A glimpse on audit impact on financial statements FY 2016

Audit ups Speedy’s (0SP BU) unconsolidated net income by 20% to BGN 7.7m, according to the Company’s audited unconsolidated FY2016 financial statements published at the end of March 2017. Audited net income stands at BGN 7.7m, up 20% vs. preliminary announced result of BGN 6.4m. The latter is due mostly on 24% lower depreciation expense… Read more

ELANA Trading has a 29 years of history on financial markets, offering a wide range of services and markets. ELANA Trading quality service has been recognized by 24 industry awards. The broker is part of the international brokers’ network of US Auerbach Grayson & Co. since 1998 and maintains long-term partnerships with a lot of international financial institutions.

ELANA Trading is part of ELANA group - one of the largest groups in the non-banking financial sector in Bulgaria.

Contacts

Dimitar Georgiev
Head of Trading
Phone: +359 (2) 81 000 25
Email: georgievd@elana.net

Tatyana Puncheva-Vasileva
Head of Research
Phone: +359 (2) 81 000 24
Email: vasileva@elana.net

Contacts

Sopharma Business Towers,
Tower B, Floors 12-13,
5, Lachezar Stanchev St,
1797 Sofia, Bulgaria

Phone: +359 (2) 81 000 25
Phone: +359 (2) 81 000 26
Email: bgtrader@elana.net
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