Lenzing´s Earnings May Fall Considerably

Businessn.a. ♦ Published: May 8, 2012; 17:44 ♦ (Vindobona)

Analysts of Erste Group and RCB (Raiffeisen Centrobank) expect the Austrian fiber producer to record a substantial cut in operating profits.

Lenzing´s Earnings May Fall Considerably / Picture: © Lenzing

On Thursday, Lenzing will announce its results of the first quarter of 2012. Above all, the lower prices of textile fibers are a major burden on Lenzing´s earnings. Compared to the first quarter of 2011, revenues are expected to remain stable.

On average, Lenzing´s EBITDA is estimated to fall by 19.8% to € 92.9m. Lenzing´s EBIT should be down by 28.6% to € 64.8m compared…