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Lenzing AG Werkstraße 2 4860 Lenzing, Austria http://www.lenzing.com
Contact Ms Katrin Bachner +43 7672 7012696
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Lenzing AG

Lenzing Group: Satisfactory result despite global economic crisis

Cautious optimism for 2010 / Expansion continues

(PresseBox) (Lenzing, )
The Lenzing Group managed to achieve a comparatively satisfactory result in business year 2009 despite the difficult global economic situation. This was made possible by timely countermeasures taken and also by reviving demand in core business fibers from the second quarter on.

According to preliminary figures consolidated sales declined to EUR 1.25 bill. (2008: EUR 1.33 bill.) above all due to weaker fiber prices. EBITDA of EUR 182.0 mill (2008: EUR 200.8 mill.) shrank by 9.3 %. EBIT fell by 22,7 % to EUR 100.7 mill. (2008:130.3 mill.). Lenzing therefore managed to achieve a result similar to those of 2005 dzz 1697.

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