Lenzing Group news and archive

Lenzing posts Q1 revenue growth of 4.9 percent

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...

Business

Lenzing raises full year outlook

Despite the continuing high degree of volatility in the textile sector due to the Covid-19 pandemic, the managing board of the Lenzing Group has raised its guidance for the 2021 financial year. The company expects the operating result to be at least at the level of the pre-crisis year 2019. The company said in a release that The Lenzing Group...

Business

Turnover and profit fall at Lenzing in 2019

2019 revenue at Lenzing Group dropped by 3.3 percent to 2.11 billion euros (2.39 billion dollars), driven by lower selling prices as well as standard fibre volumes. The company said in a statement that due to positive mix effects and more resilient specialty fibre prices, the share of specialty fibres increased from 45.5 percent to 51.6 percent...

BusinessPress Release

Lenzing presents new blockchain technology in Hong Kong

The Lenzing Group has made a huge leap forward in introducing blockchain technology, allowing for a new level of transparency and traceability in the textile industry. After joining the platform of the technology company TextileGenesis(TM) earlier this year, the world market leader in specialty fibers made from the renewable raw material wood...

Business

Lenzing H1 revenues decline by 6.4 percent

In the first half of 2018, Lenzing Group revenues declined by 6.4 percent to 1,075.4 million euros (1,249.8 million dollars), which the company attributed to less favourable currency exchange rates. EBITDA for the period, Lenzing said, decreased by 28.1 percent to 194.8 million euros (226.4 million dollars), due to price increases for key raw...

Business

Lenzing revenues grow 5.9 percent in 2017

In 2017, the Lenzing Group reported group revenue growth of 5.9 percent to 2.26 billion euros (2.80 billion dollars). Group EBITDA improved by 17.3 percent to 502.5 million euros (621.5 million dollars) and the corresponding EBITDA margin rose to 22.2 percent. EBIT for the year increased by 25.2 percent to 371 million euros (458.8 million...