Panels manufacturer Pfleiderer AG has reported a revival business in both western and eastern Europe during the third quarter in 2009.

The Neumarkt-based manufacturer recorded third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) of €26.4m, down from €60.2m a year ago, from €347.3m revenue (2008: €1.35bn).

A 3.8% revenue increase in the third quarter, compared with the previous quarter, was “stronger than usual at this time of year and indicates a general revival of demand”, said Pfleiderer.

“At present we cannot yet say with certainty how sustained this positive development of demand will be,said ceo Hans Overdiek.