Lenzing: Strong Rise in Profits Expected

Markets ♦ Published: November 12, 2011; 13:20 ♦ (Vindobona)

For analysts, the Austrian fiber manufacturer Lenzing will report highly satisfying results. Sales, earnings as well as profits should increase.

Lenzing: Strong Rise in Profits Expected / Picture: © Lenzing

On Tuesday, Lenzing announces its results for the third quarter. Analysts expect a significant increase in sales and earnings. Erste Group, UniCredit and RCB (Raiffeisen Centrobank) have published their expectations.

On average, sales are estimated to amount to € 540.7m in the third quarter. Against the third quarter of 2010, this would bring a rise of € 12.1%. EBIT will…