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Bulgaria's Monbat expects to grow cons revenue to 225 mln euro in 2022

Bulgaria's Monbat expects to grow cons revenue to 225 mln euro in 2022 wavebreakmedia/Shutterstock.com

SOFIA (Bulgaria), October 8 (SeeNews) - Bulgarian battery maker Monbat [BUL:5MB] said on Monday that it expects to grow its consolidated revenue from ordinary activities to 225.1 million euro ($258.4 million) in 2022, from 160.1 million euro in 2017.

The company also expects to increase its gross profit from ordinary activities to 55.4 million euro in 2022 from 37.1 million euro in 2017, Monbat said in a bourse filing.

This year, Monbat expects to generate a gross profit of 37.3 million euro, slightly up from 37.1 million euro in 2017, despite a decrease in revenue to 158.9 million euro, from 160.1 million euro.

Details follow (in mln euro):

  2017 2018 2019 2020 2021 2022
Revenue 160.1 158.9 195.8 216.2 222.4 225.1
Gross profit 37.1 37.3 48.0 52.8 54.1 55.4
Gross profit margin 23% 23% 25% 24% 24% 25%

As at 13:00 CET on Monday, Monbat shares traded flat at 7.75 levs on the Bulgarian Stock Exchange.

($ = 0.8712 euro)

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