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PFNonwovens: preliminary unaudited results for 2018

The nonwovens group PFNonwovens a.s. (previously Pegas Nonwovens), Znojmo/Czech Republic, recorded consolidated sales of CZK 6.5 billion (€ 252 million) in 2018, up by 5.1%. EBIT amounted to CZK 879.5 million (€34.2 million), up by 22.5% compared with 2017.
In the 4th quarter of 2018 (Q4/2018), consolidated sales reached CZK 1.7 billion (€ 65.5 million), up by 16.2% year-on-year. EBIT for Q4/2018 declined by 2.4% CZK 227.9 million (€ 8.9 million) in comparison to Q4/2017.
Concerning investment, the construction of the South African plant is proceeding according to plan. The Znojmo-Přímětice/Czech Republic semi-commercial production line project has entered its realization phase. Building modifications have been completed and currently the production line is in the process of being installed. Everything is continuing according to the approved schedule and commercial operations on the line are planned for the Q3/2019.
PFNonwovens manufactures polypropylene/polyethylene nonwovens for the hygiene, industrial, construction, agricultural, medical and other specialized sectors. These textiles are primarily used for the manufacture of baby diapers, feminine hygiene and adult incontinence products.

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