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Lenzing AG / Persistently Difficult Market Environment, Cost Savings Measures Positively Impact Results
Press Wire ♦
Published: November 13, 2014; 07:39 ♦ (Vindobona)
The Lenzing Group is working to counteract the ongoing difficult market environment prevailing in the fiber industry. Sales and earnings declined in the first nine months of 2014 compared to the prior-year performance, but cost savings are having a positive impact. This led to a slight earnings improvement in the third quarter of 2014, the first time in about two years. Further cost reductions are planned in light of the fact that no significant impetus is expected from the market.
Lenzing AG / Persistently Difficult Market Environment, Cost Savings Measures Positively Impact Results / Picture: © Vindobona.org
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Financial Figures/Balance Sheet/quarterly report
13.11.2014
- Q1-3 EBITDA of EUR 159.8 mn (down 16% from the previous year)
The Lenzing Group is working to counteract the ongoing difficult market
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