EARNINGS POLL-Pegas full-year net seen down on interest costs

15.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

* Pegas Nonwovens full-year 2006 results * Due on March 20, 0830 GMT * Average net profit forecast 19.68 million euros ...

...PRAGUE, March 15 (Reuters) - Net profit at artificial 
fabrics maker fell 26 percent last year due to rising interest 
costs and falling margins, a Reuters survey of analysts showed 
on Thursday. 
    Five analysts forecast on average net profit of 19.68 
million euros ($26.01 million), down from 26.6 million in 2005. 
    The higher interest costs are associated with debt taken on 
in 2005. The company, however, paid down most of the debt after 
an initial public offering in December 2006, analysts said. 
    They said the company's margins suffered due to higher input 
prices, mainly of polymers. 
    Overall sales were seen 10.7 percent higher at 121.18 
million euros. 
     
    Following is a breakdown of analysts' forecasts for 
Pegas's 2006 results. 
 Figures mln EUR       Average   Median    FY 2005      Range 
 REVENUES              121.18    121.20    109.50  120.00-122.00 
 EBITDA                 42.31     41.40     40.70   41.26  45.60 
 OPEATING PROFIT*       31.11     30.45     30.80   30.26- 33.30 
 NET PROFIT             19.68     21.20     26.60   15.80- 23.60 
     
    The following equity houses took part in the poll: Atlantik 
FT, BH Securities, Erste Bank, ING Wholesale Banking and 
Wood & Company. 
    * Forecast for operating profit is based on predictions 
given by four analysts. 
 

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