Lenzing revenues decline by 22.4 percent

Revenues at Lenzing declined by 22.4 percent to 1.63 billion euros in 2020. The company said, earnings development essentially reflects the decline in revenue, but was supported by measures for structural earnings improvements in all regions. EBITDA fell by 39.9 percent to 196.6 million euros and the EBITDA margin decreased from 15.5 percent to 12 percent. Net profit/loss for the year amounted to minus 10.6 million euros and earnings per share attributable to Lenzing shareholders to 0.24 euros compared to 4.63 euros in 2019.