PFNonwovens Results H1 2019: revenues level with a year ago; South Africa line starts up




PRAGUE and ZNOJMO, Czech Republic, August 22, 2019-

Based on unaudited results, PFNonwovens a.s. (hereafter "Company"), a leading European producer of nonwovens textiles, recorded consolidated revenues of CZK 3,159.3 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.


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