• Lenzing posts Q1 revenue growth of 4.9 percent

    8 days ago - By Fashion United

    Revenue at Lenzing Group rose by 4.9 percent to 489.3 million euros in the first quarter of 2021 due to increase in demand from China and the resulting higher viscose prices. The company said, focus on wood-based specialty fibers such as Tencel and Lenzing Ecovero branded fibers had a positive impact on revenue development.
    EBITDA for the quarter increased by 36.8 percent to 94.5 million euros and the EBITDA margin rose from 14.8 percent to 19.3 percent. Net profit for the period amounted to 29.9 million euros and earnings per share to 1.06 euros.
    “Lenzing benefited from the growing...
    Read more ...