Better Results for Lenzing

IndustrialsIndustrial Goods ♦ Published: May 5, 2011; 11:22 ♦ (Vindobona)

The Austrian pulp manufacturer Lenzing expects better performance in 2011 than originally forecast.

Better Results for Lenzing / Picture: © Lenzing

In the first quarter of 2011, the Lenzing Group, a world market leader for man-made cellulose fibers, was able to increase its consolidated sales by 46 % to € 532.1m compared to the same period in the previous year (Q1 2010(1): € 365.0m). The increase in EBITDA of 66 % to € 114.9m (Q1 2010(1): € 69.3m) was even more pronounced.

Therefore, the Lenzing Group anticipates a…