Lenzing: Profit Decrease Expected

Businessn.a. ♦ Published: August 20, 2012; 18:03 ♦ (Vindobona)

Next Wednesday, Lenzing presents its half-year results. According to analysts, the Austrian fiber producer will report a 31% profit decrease.

Lenzing: Profit Decrease Expected / Picture: © Lenzing

Analysts of Kepler Capital Markets, RCB (Raiffeisen Centrobank) and Erste Group expect a significant profit slump. On average, the analysts anticipate Lenzing´s net income to fall to € 96.4m from € 139m.

Above all, this is due to the rising raw material price. EBITDA are forecasted to fall by 22%. In the reference period of 2011, Lenzings´s EBITDA were € 194m.