Monbat reported consolidated sales of BGN 25.8 (-7.5% YoY) in Jul’21. EBITDA for the month amounted to BGN 2.8m (-34.4% YoY), which led to 4.6 p.p. decline in the respective margin, which stood at 11%. However, EBT came at BGN 928k (+17.6% YoY), which corresponds with 3.8% margin (0.8 p.p. higher than Jul’20). 7-mo consolidated sales revenue totaled BGN 202m (+24% YoY), while 7-mo EBITDA advanced to BGN 28.5m (+32.5% YoY). YtD consolidated pre-tax earnings reached BGN 14.5m, which is 101.2% higher than the corresponding period of 2020.