Monbat’s April sales drop 20.9% YoY while EBT turn negative (NEGATIVE)

Monbat’s April’18 consolidated revenue dropped 20.9% YoY (-22.2%% MoM) to BGN 18.3m. The monthly EBITDA fell 77.2% YoY to BGN 1.1m and the EBT turned negative at BGN 0.3m compared to positive BGN 3.4m in April’17. Jan-Apr’18 revenue was down 15.3% YoY to BGN 85.8m, EBITDA fell 55.6% YoY to BGN 8.3m and cumulative EBT shrank 86.1% YoY to BGN 1.8m with the EBT margin down to 2.1% vs 12.7% in the year-ago period.