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Lenzing / Lenzing Group with substantial earnings increase in the first nine months of 2017

Published: November 15, 2017; 07:22 · (Vindobona)

The Lenzing Group generated a substantial increase in revenue and earnings in the first nine months of the 2017 financial year compared to the prior-year period. The company is continuing the implementation of its Group strategy sCore TEN in order to further expand the offering of specialty fibers and be even closer to its customers and business partners.

Consolidated revenue climbed 9.4 percent year-on-year to EUR 1,726.6 mn. This
increase is mainly attributable to higher prices for all three fiber
generations. Consolidated earnings before tax, depreciation and amortization
(EBITDA) rose 23.9 percent to EUR 397.1 mn, corresponding to an EBITDA margin of
23 percent, up from 20.3 percent in the prior-year period.…

This article includes a total of 1027 words.

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