"In 2013, we achieved an EBITDA of EUR 38.6 million. After excluding the revaluation of the share option plan to fair value we have slightly exceeded the updated guidance that we announced in November last year. From a purely financial point of view, the year 2013 lagged slightly behind our original expectations, nevertheless, we are convinced that, to a significant degree, last year's results were impacted by an array of one-off factors, which should notreoccur. Notwithstanding, from a strategic perspective it was, in my opinion, one of the most successful year's in the company's history, where PEGAS made a truly momentous step forward.
Based on preliminary unaudited results, PEGAS NONWOVENS SA, a leading European producer of nonwovens textiles, recorded consolidated revenues of #
Over the past several years and particularly in 2013, we expended tremendous effort and invested substantial resources into the company's development. We look toward the upcoming years with optimism and we believe that this effort will also manifest itself in our financial results.
Based on preliminary unaudited results, PEGAS NONWOVENS SA, a leading European producer of nonwovens textiles, recorded consolidated revenues of #
The primary prerequisite for achieving our goals is and always will be a satisfied customer and secured sales volumes. Therefore, we are pleased that the contracts negotiated with our customers again indicate the full utilisation of our production capacities. This is all the more important considering that, compared to 2013, we have substantially expanded our production capacity thanks to the new Egyptian production line.
Based on preliminary unaudited results, PEGAS NONWOVENS SA, a leading European producer of nonwovens textiles, recorded consolidated revenues of #
This facility was put into operation within the context of a challenging political and security environment in Egypt in line with the initially planned schedule and it is now delivering very encouraging operating results. Last year, we dedicated a great deal of attention and resources to the development of new materials, the successful commercialisation of which, will bring a change in our product portfolio mix.
Based on preliminary unaudited results, PEGAS NONWOVENS SA, a leading European producer of nonwovens textiles, recorded consolidated revenues of #
Taking into account also the contribution of these factors, we expect an improvement in the financial results in 2014 and a year-on-year EBITDA growth in the range between 12% and 22%. In terms of both operating and financial results, 2014 should be a year of consolidation for PEGAS. We intend to focus particularly on eliminating the operating issues that we had to deal with last year.
Based on preliminary unaudited results, PEGAS NONWOVENS SA, a leading European producer of nonwovens textiles, recorded consolidated revenues of #
In Egypt, our objective is to achieve similar operating results as in the Czech Republic. Considering that we are not planning any demanding investment projects this year, we foresee a reduction of the Company's debt level and an improvement of its financial profile", said František Rezác, CEO and Member of the Board of PEGAS NONWOVENS SA.
Pegas Nonwovens
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