TAB revenue up last year, net profit at EUR 16.5m

Mežica – TAB, a maker of starter and industrial batteries, posted EUR 260.2 million in sales revenue last year, up 12% compared to the year before. Net profit was up from EUR 16.2 million to EUR 16.5 million. Activities related to the launch of production of lithium-ion cells in Prevalje continue. Earnings before income tax, depreciation and amortisation (EBITDA) increased from EUR 26.7 million to EUR 26.9 million last year. Given the situation on the market, including price hikes, disturbances in the supply chain and the pandemic, the company is…

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