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Lenzing AG Werkstraße 2 4860 Lenzing, Austria http://www.lenzing.com
Contact Ms Angelika Guldt +43 7672 7012713
Company logo of Lenzing AG
Lenzing AG

Lenzing 1-9/2014: Persistently Difficult Market Environment, Cost Savings Measures Positively Impact Results

Q1-3 EBITDA of EUR 159.8 mn (down 16% from the previous year)

(PresseBox) (Lenzing, )
The Lenzing Group is working to counteract the ongoing difficult market environment prevailing in the fiber industry. Sales and earnings declined in the first nine months of 2014 compared to the prior-year performance, but cost savings are having a positive impact. This led to a slight earnings improvement in the third quarter of 2014, the first time in about two years. Further cost reductions are planned in light of the fact that no significant impetus is expected from the market.

Ongoing weak fiber prices burden Q1-3 sales and earnings

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.