LUXEMBOURG AND ZNOJMO, Czech Republic, November 28, 2016-

Based on unaudited results, PEGAS NONWOVENS SA (hereafter „PEGAS” or „Company”), a leading European producer of nonwoven textiles, recorded consolidated revenues of EUR 157.8 million in the first nine months 2016, down by 7.0% yoy.

The decline in the price of polymers had a negative effect on the year-on-year comparison of revenues. Since the beginning of the year, polymer prices have been more or less stable and are at long term lows.

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