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Earnings and Net Income Down at Lenzing

Published: August 22, 2012; 11:39 · (Vindobona)

Sales declined by 1.3%. The EBITDA margin fell from 23.0% to 18.2%. Lenzing´s net income decreased from € 145m to € 100m.

Earnings and Net Income Down at Lenzing / Picture: © Lenzing

“The Lenzing Group performed very well in the first half of 2012 against the backdrop of a difficult market environment.” the company announced. However, as expected, the record levels generated in the first half of 2011 were not reached again. Due to the changed market expectation the guidance for the full year 2012 has been adapted.

Consolidated sales at € 1,061.8m in the…

This article includes a total of 1367 words.

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