Pegas Nonwovens S.A. reported unaudited consolidated earnings results for the third quarter and nine months of 2017. For the nine months, revenues were EUR 167.4 million against EUR 157.8 million a year ago. EBITDA was EUR 31.0 million against EUR 34.1 million a year ago. Profit from operations was EUR 18.2 million against EUR 22.0 million a year ago. Net profit was EUR 5.2 million against EUR 13.0 million a year ago. The increase in the price of polymers had a positive effect on the year-on-year comparison of revenues. The lower net profit was caused namely by unrealised foreign exchange changes booked in the compared periods.

For the quarter, revenues were EUR 55.7 million against EUR 51.1 million a year ago. EBITDA was EUR 10.3 million against EUR 11.3 million a year ago. Profit from operations was EUR 5.8 million against EUR 7.3 million a year ago. Net profit was EUR 0.7 million against EUR 5.5 million a year ago.

With respect to the achieved results in the first nine months of 2017, the company confirm outlook for full year 2017 EBITDA in the range from EUR 43.0 million to EUR 50.0 million.