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Pegas Nonwovens profit misses consensus by 91.6% in Q3

PFNonwovens a.s. said its third-quarter normalized net income amounted to 3 euro cents per share, compared with the S&P Capital IQ consensus estimate of 35 cents per share.

EPS decreased 95.6% year over year from 67 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €273,750, a decrease of 95.5% from €6.1 million in the prior-year period.

The normalized profit margin declined to 0.5% from 10.2% in the year-earlier period.

Total revenue declined year over year to €58.0 million from €60.4 million, and total operating expenses increased year over year to €53.8 million from €52.2 million.

Reported net income decreased 94.8% on an annual basis to €465,490, or 5 cents per share, from €9.0 million, or 97 cents per share.