Research (J&T BANKA)
Czech markets  |  December 12, 2012 09:23:19

Pegasus announced sold-out production for the year 2013, operations in Egypt are going according to plan


CEO of Pegas Nonwovens said in an interview that the production of next year should be sold out. Work on the new Egyptian factory continues according to plan. Starting lines should be in 3Q12 and the company's growth from this project promises to open the way to other markets. Polymer price increase negatively affect the results for 4Q12, but Pegasus should achieve full-year targets for EBITDA growth of 5-15% at the bottom of this range. CEO confirmed the information that was held on the occasion of the report 3Q12 results. We do not expect the impact on today's trading.

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