Lenzing Meets Expectations

IndustrialsIndustrial Goods ♦ Published: November 15, 2011; 09:16 ♦ (Vindobona)

In the first nine months of 2011, the Austrian Lenzing Group could improve financial key figures. Profits were up by 77.5%.

Lenzing Meets Expectations / Picture: © Lenzing

Consolidated sales in the first nine months of 2011 climbed 23.9% year-on-year, from € 1,285.5m to € 1,592.2m A total of 3.5 percentage points of this increase can be attributed to the higher fiber shipment volumes, whereas 13.6 percentage points are the result of the higher average fiber selling prices. Growth in other business areas as well as the full consolidation of the Paskov…