Pegas Nonwovens S.A. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months of 2017; Confirms Earnings Guidance for the Year 2017
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.