The bottom line was a result after taxes of minus 26.9 million euros, after a minus of 64.9 million euros in the same period of the previous year. The group’s sales revenue increased from 623.1 million to 658.4 million euros, which was primarily due to an increase in fiber sales, Lenzing said in a press release on Wednesday.
The company, which had recently been faced with economic difficulties, was also in a better operational position in the first quarter. The operating result before depreciation (EBITDA) climbed from 29.7 million euros in the comparable period of the previous year to 71.4 million euros. “The Lenzing Group’s business development in the first quarter is going in the right direction. However, we cannot speak of a sustainable recovery in the markets as long as price pressure in the fiber business remains high,” said Lenzing boss Stephan Sielaff, commenting on the figures.
My themes
For your saved topics were
new articles found.
info By clicking on the icon you can add the keyword to your topics.
info
By clicking on the icon you open your “my topics” page. They have of 15 keywords saved and would have to remove keywords.
info By clicking on the icon you can remove the keyword from your topics.
Add the topic to your topics.
Source: Nachrichten
