The Lenzing Group’s 1Q 2017 EBITDA were up 46.6% to Euro 135.1 million, corresponding to an EBITDA margin of 23% in comparison to 18% in the prior-year period. The profit for the period improved by 69.6% to Euro 75 million, and earnings per share rose 67.9% to Euro 2.75 per share.

Zellulose

Lenzing Group reports 1Q EBITDA increase of 46.6% to Euro 135.1 million

The Lenzing Group got off to a very good start in the year 2017. It succeeded in significantly improving 1Q revenue and earnings and thus achieved the best quarterly results in the company’s history. Compared to the prior-year quarter, consolidated revenue climbed 14.3% in the first three months of 2017 to Euro 586.2 million. This rise can be attributed to higher selling prices related to the Chinese New Year as well as an improved product mix, the reduction of inventories and more favorable currency exchange rates.

Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) were up 46.6% to Euro 135.1 million, corresponding to an EBITDA margin of 23% in comparison to 18% in the prior-year period.

Earnings before interest and tax (EBIT) of the Lenzing Group increased by 72.1% to Euro 102.3 million, resulting in a higher EBIT margin of 17.5% (1Q 2016: 11.6%).

The profit for the period improved by 69.6% to Euro 75 million, and earnings per share rose 67.9% to Euro 2.75 per share.

“The 1Q 2017 was the best in our company history. A key factor is the disciplined implementation of our sCore TEN corporate strategy. The opening of new sales offices in Turkey and Korea enables us to serve our customers more effectively. We are progressing well with the expansion of our production capacities for specialty fibers. This will support our customers in their own expansion efforts by providing products made of our botanic fibers,” states Stefan Doboczky, CEO of the Lenzing Group. “Assuming that fiber market conditions remain at current levels, we expect a substantial earnings improvement this year compared to 2016.”

Lenzing supplies the global textile and nonwovens industry with high-quality, botanic cellulose fibers. Its portfolio ranges from dissolving pulp to standard and specialty cellulose fibers.