Monbat December cons sales up 5.5% YoY; EBT rise 128.7% YoY (POSITIVE)

Monbat’s December consolidated revenues increased 5.5% YoY (-8.2% MoM) to BGN 22m. The monthly EBITDA improved 76.4% YoY to BGN 5.4m with the EBITDA margin up to 24.5% from 14.7% for December 2013. EBT surged 128.7% YoY to BGN 4m with the EBT margin up to 18.1% from 8.3% for the year-ago period. Preliminary consolidated 2014 sales decreased 3.9% YoY to BGN 230m. Consolidated EBITDA for the same period added 2.1% YoY to BGN 44m, while EBT increased 5.7% YoY to BGN 30.3m.