PFNonwovens a.s. reported unaudited consolidated earnings results for the third quarter and nine months of 2018. For the quarter, the company reported revenues of CZK 1,545.7 million against CZK 1,453.0 million a year ago. EBITDA was CZK 337.9 million against CZK 267.6 million a year ago. Profit from operations was CZK 220.6 million against CZK 151.7 million a year ago. Net profit was CZK 157.5 million against CZK 18.1 million a year ago.

For the nine months, the company reported revenues of CZK 4,529.9 million against CZK 4,445.4 million a year ago. EBITDA was CZK 1,000.0 million against CZK 822.5 million a year ago. Profit from operations was CZK 651.6 million against CZK 484.5 million a year ago. Net profit was CZK 437.5 million against CZK 137.5 million a year ago. The increase in the price of polymers had a positive effect on the year-on-year comparison of revenues. 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. The increase in net profit resulted primarily from better financial results at the EBITDA level and concurrently the booked unrealised foreign exchange changes in the compared periods.

The company confirmed its outlook for full year EBITDA in the range CZK 1.22 billion to CZK 1.38 billion.