• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Applications
    • Technology
    • Market
    • Other
    • Top 40
    • Buyers Guide
    • Hygiene Directory
    • More
  • Magazine
  • News
  • Exclusives
  • Applications
  • Technology
  • Market
  • Other
  • Top 40
  • Buyers Guide
  • Hygiene Directory
  • Current / Back Issues
    Features
    Editorial
    Columns
    Digital Edition
    Southeast Asia Edition
    eNewsletter Archive
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    2020 Trends in Nonwovens

    Focus on: Eastern Europe and Russia

    The Year that Was 2019

    Nonwovens in Automotives

    Hygiene Components Suppliers Adapt to Change
    Company Cameo
    Financial News
    Machinery Equipment
    New Products
    Nonwovens News
    Patent Review
    People in the News
    Supplier News
    Top News
    Live From Shows
    Top News
    NDC Appoints President

    Archroma Names CEO

    Nice-Pak to Offer Sustainable Solutions to Every Customer

    FiltXPO Speaker Line-Up Announced

    Optima Packaging Honored at Regional Competition
    Absorbent Core
    Adult Incontinence
    Antimicrobials
    Apparel
    Automotive and Transportation
    Chemicals / Adhesives
    Construction
    Contract Services
    Diaper, Baby
    Electronics
    Feminine Hygiene
    Fibers
    Filtration
    Flame Retardance
    Geotextile / Agrotextile
    Home Products
    Hygiene Film/Components
    Industrial / Institutional
    Inspection / Quality Control
    Machinery and Equipment
    Medical
    Wipes

    Podcast: Natalia Richer of Diaper Testing International

    Archroma Names CEO

    Nice-Pak to Offer Sustainable Solutions to Every Customer

    The Feur System Offers Help to Incontinence Sufferers

    The Global Market for Baby Care: Where is it Currently and Where is it Going?
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunlace
    Thermal Bonded
    Wetlaid

    Freudenberg Acquires Slovenian Needlepuncher

    Airlaid Market Report

    Video: Coming in November 2019

    Nxtnano Introduces nFLUX Nanofiber Membranes

    Freudenberg Submits Offer to Buy Low & Bonar
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    Freudenberg Acquires Slovenian Needlepuncher

    Italian Nonwovens Sector on Verge of Breakthrough

    E-Commerce in Africa and the Opportunities for a Hygiene Manufacturer

    Dates Announced for ANDTEX 2020

    Nippon Tungsten Opens Brazilian Facility
    Associations
    Contracts / Awards
    Education
    Facilities / Capacity
    Green / Sustainability
    Legal / Regulatory
    Market Data
    Mergers and Acquisitions
    Product Improvement / Innovation
    R&D/Basic Research
    Shows / Events

    Nice-Pak to Offer Sustainable Solutions to Every Customer

    FiltXPO Speaker Line-Up Announced

    Freudenberg Acquires Slovenian Needlepuncher

    Hrinko Honored with INDA Lifetime Service Award

    Chester Honored at Hygienix
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    National Wiper Alliance

    Wacker Chemie AG

    XIAMEN GACHN TECHNOLOGY CO., LTD

    Investkonsult Sweden AB

    OPTIMA nonwovens GmbH
    Brands
    Brand Owners
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • Southeast Asia Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • All Companies
      • Categories
      • Company Profiles
      • Add Your Company
    • Applications
      • Absorbent Core
      • Adult Incontinence
      • Antimicrobials
      • Apparel
      • Automotive and Transportation
      • Chemicals / Adhesives
      • Construction
      • Contract Services
      • Diaper, Baby
      • Electronics
      • Feminine Hygiene
      • Fibers
      • Filtration
      • Flame Retardance
      • Geotextile / Agrotextile
      • Home Products
      • Hygiene Film/Components
      • Industrial / Institutional
      • Inspection / Quality Control
      • Machinery and Equipment
      • Medical
      • Wipes
    • Technology
      • Air Through Bonding
      • Airlaid
      • Carded/Carding
      • Chemical Bonded
      • Composite
      • Meltblown
      • Needlepunch
      • Nanotechnology
      • Spunbond
      • Spunlace
      • Thermal Bonded
      • Wetlaid
    • Market
      • China
      • Eastern Europe/Russia
      • India
      • Middle East/North Africa
      • North America
      • Pacific Rim
      • South/Central America
      • Turkey
      • Western Europe
    • Other
      • Associations
      • Contracts / Awards
      • Education
      • Facilities / Capacity
      • Green / Sustainability
      • Legal / Regulatory
      • Market Data
      • Mergers and Acquisitions
      • Product Improvement / Innovation
      • R&D/Basic Research
      • Shows / Events
    • Top 40 Companies
      • Chart
      • Companies
    • Online Exclusives
    • Hygiene Directory
      • Brands
      • Brand Owners
    • Slideshows
    • Experts Opinions
    • Videos
    • Podcasts
    • Infographics
    • Whitepapers
    • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
      • Live From Asian Connections
    • Resources
      • Suppliers Gallery
      • Literature Showcase
      • Web Showcase
      • Home Page Showcase
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    PFNonwovens Reports Flat Revenues

    Investments in South Africa and Czech Republic are continuing according to plan

    Related CONTENT
    • Deodorant Wipes: Will They Stick?
    • Nonwovens for the Home
    • PF Nonwovens Makes IDEA Debut
    • Revenues Up at PFNonwovens
    • Organic Initiative Comes to America
    08.22.19
    Based on unaudited results, PFNonwovens a.s., a leading European producer of nonwovens textiles, recorded consolidated revenues of CZK 3,159.3 million ($135.9 million) in the first half 2019, which is comparable with the same period last year.

    Negative impact on revenues on a year-on-year basis was due year-on-year impact of IFRS 15 adjustment, on the basis of which the group recognizes revenues from finished products, which are produced on order for a specific customer, immediately following the production of the given product.

    “The EBITDA of CZK 605.8 million ($26 million) achieved in the first half did not fully meet our expectations, falling by 8.5% year-on-year. Sales volumes grew on a year-on-year basis, which resulted in a reduction in inventories of finished products to long term record lows. This situation then led to low production effectiveness as a result of its frequent changes. It was primarily for this reason that we recorded a year-on-year decline in production volume by almost 1,300 tons in the first half and this loss then had a significant effect on the financial results of the Group. 

    “The development of indebtedness saw the net debt declining by almost 11% compared with the end of last year. The net debt to EBITDA ratio at the end of the first half reached 3.23x.

    “Our investment projects are continuing according to plan. The production plant in South Africa is complete and commercial production was launched in June. The installation of a new semi-commercial production line in Znojmo-Přímětice is likewise continuing in line with our expectations and thus we continue to plan for its commercial operation during the fourth quarter of 2019,” says Marian Rašík, chief financial officer and Member of the Board of PFNonwovens a.s.
    Related Searches
    • investment
    • financial
    • textiles
    • products
    Suggested For You
    Drylock Receives PE Funding Drylock Receives PE Funding
    Slideshow: Plant-based Ingredients Increasing Role in Nonwovens Slideshow: Plant-based Ingredients Increasing Role in Nonwovens
    INDA Seeks Nominations for Lifetime Technical Achievement Award INDA Seeks Nominations for Lifetime Technical Achievement Award
    World of Wipes Attendees World of Wipes Attendees
    Ingredient Trends Shape Household Cleaning Market Ingredient Trends Shape Household Cleaning Market
    EDANA Releases 2018 Statistics EDANA Releases 2018 Statistics
    Solugen Secures Series B Funding Solugen Secures Series B Funding
    Pegas Reports Sales Increase Pegas Reports Sales Increase
    RadiciGroup Brings Synthetic Fibres & Nonwovens Business Area to Techtextil RadiciGroup Brings Synthetic Fibres & Nonwovens Business Area to Techtextil
    DryLock Completes Czech Expansion DryLock Completes Czech Expansion
    Simativa Secures Funding Simativa Secures Funding
    Still Developing Still Developing
    Organic Initiative Comes to America Organic Initiative Comes to America
    Revenues Up at PFNonwovens Revenues Up at PFNonwovens
    PF Nonwovens Makes IDEA Debut PF Nonwovens Makes IDEA Debut

    Related Breaking News

    • Diaper, Baby | Western Europe

      Simavita Set to License Sensor Technology in EU

      Patented Smartz technology achieves CE Mark approval
      12.11.19

    • NDC Appoints President

      NDC Appoints President

      Marti Nyman was most recently vice president and chief growth officer for Blue Cross and Blue Shield of Minnesota
      12.11.19

    • AATC Adds Two Scholarships

      Foundation now has 35 scholarshis worth $150,000 for textile students
      12.10.19


    • Chemicals/Adhesives
      Archroma Names CEO

      Archroma Names CEO

      Heike van de Kerkhof will succeed Alexander Wessels
      12.10.19

    • Adult Incontinence | Diaper, Baby | Feminine Hygiene | Mergers and Acquisitions | South/Central America

      Fitesa Buys Freudenberg's South American Hygiene Business

      Brazilian site has developed nonwovens for the South American hygiene market since 1985
      12.09.19

    • Machinery and Equipment

      Fameccanica Partners with AeroFlexx

      Partnership will focus on liquid packaging using fewer materials
      12.09.19


    • Green/Sustainability | Wipes
      Nice-Pak to Offer Sustainable Solutions to Every Customer

      Nice-Pak to Offer Sustainable Solutions to Every Customer

      Every proposal to feature plastic-free options
      12.09.19

    • Geotextile/Agrotextile

      Thrace to Relocate U.S. Capacity

      Group will move needlepunch line from SC to Scotland
      12.05.19

    • Filtration | Shows/Events
      FiltXPO Speaker Line-Up Announced

      FiltXPO Speaker Line-Up Announced

      Presentation centered around seven interest areas
      12.04.19


    • Green/Sustainability | Wipes

      Nölken Incorporates Sustainable Wipes Packaging

      Germany producer uses material optimized for recycling
      12.04.19

    • Optima Packaging Honored at Regional Competition

      Optima Packaging Honored at Regional Competition

      Ministry of Economic Affairs and the Bildungswerk training institute honor approaches to digitization in human resources work
      12.04.19

    • Wipes

      Eyelid Wipes Launch

      NovaWipes are specifically designed for applying Avenova to treat dry eye and blepharitis
      12.03.19

    • P&G Releases 2019 Citizenship Report

      Highlights commitment to community impact, gender equality, diversity & inclusion and sustainability
      12.03.19

    • Ahlstrom-Munksjö Adds to Executive Management Team

      Anna Bergquist and Tarja Takko promoted
      12.03.19

    • Associations | Geotextile/Agrotextile | Shows/Events

      EurAsian Geotextiles Symposium Held in Beijing

      Standardization, sustainability and environmental protection were key themes
      12.03.19

    Breaking News
    • Simavita Set to License Sensor Technology in EU
    • NDC Appoints President
    • AATC Adds Two Scholarships
    • Archroma Names CEO
    • Fitesa Buys Freudenberg's South American Hygiene Business
    View Breaking News >
    CURRENT ISSUE

    November 2019

    • Airlaid Market Report
    • Nonwovens in Filtration
    • WHO’S WHO IN SAN PRO MACHINERY
    • Feminine Hygiene Brand Owners Directory
    • Feminine Hygiene Manufacturers Shift Focus
    • View More >



    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Deerland Obtains Certification from Australia’s Therapeutic Goods Administration
    OptiMSM Shown to Improve Hair & Nail Appearance and Condition
    DCC Acquires Contract Manufacturer Ion Laboratories
    Coatings World

    Latest Breaking News From Coatings World

    Beckers Group Announces Global Price Increase on Coil, Industrial Coatings
    Evonik, Wynca Celebrate Groundbreaking of New Fumed Silica Plant in Zhenjiang
    Personnel Changes in Corporate Communications, Government Relations at BASF
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    15-Year Tele-Critical Care Collabration Yields Significant ICU Improvement Results
    Prellis Biologics' New Tool Simplifies Complex Tissue Engineering
    InspireMD's CEO Steps Down
    Contract Pharma

    Latest Breaking News From Contract Pharma

    CatSci Expands Capabilities with Lab Expansion
    Smart Tags on Pills Set to Improve Supply Chain Security and Patient Adherence
    PCI Pharma Services Invests in Tredegar, UK Site
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Time Features 5 Best Beauty Inventions
    CES 2020 Preview - Innovation Award Honorees in Health & Wellness
    Star of E!'s Botched Gets Line Leaping Bunny Certified
    Happi

    Latest Breaking News From Happi

    Birchbox Partners with Buzzfeed
    Coty Strengthens Its Leadership
    Jennifer Garner Joins Virtue Labs
    Ink World

    Latest Breaking News From Ink World

    Smurfit Kappa, Wings for Aid Create Disaster Relief Packaging Solution
    ePac Flexible Packaging Expands into Asia Pacific Market
    United Carton Industries Company Invests in EFI Nozomi Corrugated Printer
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Luminer promotes Heather Bookman to prepress manager
    Materials Exchange launches to solve excess inventory issue
    Mark Andy joins forces with UPM Raflatac
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Simavita Set to License Sensor Technology in EU
    NDC Appoints President
    AATC Adds Two Scholarships
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    TriMed Closes Out FDA Warning Letter
    FDA OKs Shoulder Innovations' Augmented Glenoids for Total Shoulder System
    OrthoGrid Systems Receives FDA 510(k) Clearance for New PhantomMSK Trauma Application
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    SEMI Releases Global Semiconductor Equipment Sales Forecast
    eMagin Corporation Announces Approximately $4.3 Million Order for Military Program
    CPI Supports Smart Food-labeling Project Set to Reduce Food Waste in 2020

    Copyright © 2019 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.