Lenzing's revenue up 14.3%
Lenzing, a supplier of high-quality, botanic cellulose fibres, ranging from dissolving pulp to standard and specialty cellulose fibres, to the textile and nonwovens industry, has reported €586.2 million revenue in Q12017, up by 14.3 per cent in comparison to Q12016.
EBITDA was up 46.6 per cent to €135.1 million, corresponding to an EBITDA margin of 23 per cent in comparison to 18 per cent in the prior year period. EBIT of the Lenzing Group increased by 72.1 per cent to €102.3 million as against 11.6 per cent in Q1 2016. The profit for the Q1 2017 improved by 69.6 percent to €75 million, and earnings per share rose 67.9 per cent to €2.75 per share.
Further, the company has also opened up new sales and marketing offices in Turkey and Korea. As of mid-2018, customers will have an additional 25,000 tonnes of lyocell specialty fibres at the disposal. The construction of the new production facility for Tencel fibres in Mobile, Alabama has started already and will be finished at the end of the first quarter of 2019. Lenzing is currently examining several potential sites in Asia for a further lyocell plant.??