Excellent Results at Lenzing Group

Businessn.a. ♦ Published: March 22, 2012; 09:31 ♦ (Vindobona)

The Austrian fiber producer announces that the € 2bn sales threshold was surpassed for the first time. EBIT was up by 60%.

Excellent Results at Lenzing Group / Picture: © Lenzing

Despite a significant weakening of the global fiber market in the second half of 2011, Lenzing once again achieved double-digit growth rates in sales and earnings, and surpassed the threshold of € 2bn in consolidated sales for the first time in the company’s history. Operating margins also improved again.

Consolidated sales in the reporting year 2011 rose by 21.2% to €…

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