Monbat Archives - Page 3 of 4

Bulgarian stocks book best Q1 since the start of 2014

4 April 2017

The main index of Bulgarian stocks SOFIX added 8.11% q/q in 1Q17, best performance since the start of 2014. The index booked fourth consecutive quarter on the upside adding 43% since the last down quarter – 3Q16. Generic drug pharma company Sopharma (3JR BU) contributed most to SOFIX’ performance over the quarter, adding 31% q/q… Read more

Monbat’s Jan-Feb 2017 top line surges on LME advance

29 March 2017

Leading car batteries producer Monbat (5MB BU) books 23.7% y/y surge in Jan-Feb’17 top line, bottom line adds 3% y/y, according to preliminary monthly data published by the Company. LME increase is the driver Sales expanded 29% y/y in February alone adding to a total of BGN 51.7m of sales for the Jan-Feb.’17 period or… Read more

SOFIX reaches 8.4 year high

13 March 2017

Bulgarian Stock Exchange blue-chips index SOFIX reaches 8.4 year high closing at 624.91 on March 10, 2017. This is 2.4 times above the February 2009 low for the period and 1.25x above the low at the end of October 2008. The index has still way to go to reach its all-time high of 1934.45 points… Read more

Monbat forecasts double EBITDA by 2021

7 March 2017

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

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

28 February 2017

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

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

26 January 2017

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 CEO Bobokov: 2016 is historical for the company

10 January 2017

Monbat’s management sees record FY2016 with fully realized plans and a fairly valued stock at a EUR 190 m market cap, CEO Atanas Bobokov was quoted saying in a local media. He defined 2016 as historical for the Company both on an individual and group level as it realized its fairly ambitious plans both for… Read more

30% rally for Monbat shares over the last 3 months

8 December 2016

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

Consolidated Q3 reports hint a profitable 2016

30 November 2016

Monbat Q3 net income surges 48% y/y Lead-acid batteries producer Monbat books 48% y/y rise in 3Q16 net income; 9M16 bottom line adds 10.5% y/y, according to the Company’s consolidated financial statements for 9M16. In 3Q16, alone, the Company booked BGN 6.6m of net income, up 48.8% y/y on rising volumes and LME prices. The… Read more

Peter Bozadjiev, CFO and Member of the Board, Monbat

Monbat plans doubling net earnings in 5 years, explores new battery technology

22 November 2016

The leading lead-acid batteries producer in Bulgaria Monbat explores new battery technology, the Company announced in a statement to the stock exchange. The move is a response to the alternative energy sources and changing energy storage trends, the statement continues. Monbat New Power launch Accordingly, Monbat incorporated new 51% subsidiary in Bulgaria – Monbat New… Read more