Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 PFNonwovens Announces Q2 Results - Nonwovens Industry

What are you searching for?

Sign in
Financial, Nonwovens News

PFNonwovens Announces Q2 Results

Sales down slightly year-over-year

Author Image

By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

PFNonwovens a.s. (hereafter “Company”), a leading European producer of nonwovens textiles, recorded consolidated revenues of CZK 2.9 billion ($130 million) in the first half 2018, down by 0.3% yoy. The appreciation of CZK had a negative impact on revenues denominated in CZK due to the fact that the vast majority of the Company’s revenues are in EUR. 

In the first half of 2018, EBITDA amounted to CZK 662.1 million ($29.8 million), up by 19.3% yoy. The year-on-year increase in EBITDA was primarily the result of new production capacity being put into operation in the second quarter of 2017. Likewise, in the first half of this year, the polymer price pass-through mechanism had a positive impact as the price of polymers remained more or less stagnant compared with the growth in polymer prices registered in the first half of last year. A more significant increase in polymer price indices occurred only in June, however, this increase will be projected into the Company’s financial results with a delay.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics