Pegas Nonwovens held an analyst meeting on its FY 2006 results yesterday. The major points from the meeting were the following:
# 2006 revenue were driven by higher sales price & higher sales volume in specialty products
# European Nonwovens spunbond Hygiene market is expected to reach 492,000, 510,000, and 528,000 tons in 2007, 2008, and 2009 respectively.
#Pegas market share in Europe is currently 10.3% and will grow to 11.9% when new line is installed
# Pegas is not considering issuing new debt
# In 2007 €13.3m will be used for debt reduction
# In Q4 2007 new line Reicofil 4 Special will be added
# New line will increase capacity by 28% in Q4 2007
# 2007 CAPEX approximately EUR 19m will be used for expansion
# 2007 CAPEX approximately EUR 2m will be used for maintenance