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Pegas Nonwovens' 9M EBITDA up 14.6%

30 Nov '16

1 min read

In its unaudited results declared for the nine months ended September 30, 2016, Czech Republic headquartered Pegas Nonwovens reported an EBITDA growth of 14.6 per cent year on year at €34.1 million. Increase in production volumes by 1.5 per cent and revaluation of the share option plan, were among the several reasons for the EBITDA growth.

The nonwovens fabrics producer recorded revenues of €157.8 million in the reporting period; a decline of 7 per cent over the corresponding period of 2015, primarily due to the decrease in prices of polymers.

In the first nine months of the current year, profit from operations totalled to €22.0 million, up 24 per cent over the comparable period of the prior year.

However, net profit in the period under review slid 22.6 per cent from a year ago quarter, at €13.0 million, mainly due unrealised foreign exchange changes in the compared periods. (AR)

Fibre2Fashion News Desk – India