Declining Revenues and Net Income at Lenzing

Published: May 10, 2012; 11:30 · (Vindobona)

The performance of the Austrian Lenzing Group in the first quarter of 2012 was in line with expectations. EBIT decreased to € 67.2m after € 90.7m in the first quarter of 2011.

Declining Revenues and Net Income at Lenzing / Picture: © Lenzing

Average fiber selling prices, which were down 11% on average compared to the first quarter of 2011 (minus 5.6% from the fourth quarter of 2011), could be largely compensated on the revenue side by a new record level of fiber shipment volumes. As a result of the lower average fiber prices, quarterly earnings did not match the particularly good results achieved in the prior-year…

This article includes a total of 663 words.

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