Outstanding Results for Lenzing

IndustrialsIndustrial Goods ♦ Published: August 23, 2011; 10:12 ♦ (Vindobona)

The Austrian fiber manufacturer increased sales by 31% to more than € 1bn in the first six months of the year. EBIT almost doubled to € 199.2m.

Outstanding Results for Lenzing / Picture: © Lenzing

The Lenzing Group looks back at the most successful first half-year in the company’s history. Following a very good first quarter 2011, sales and earnings could be significantly surpassed again in the second quarter of 2011. Thus Lenzing has set its guidance for the entire year 2011 at the upper end of the initial guidance announced in the first quarter, thus forecasting an EBITDA of…