Lenzing Generates Substantial Revenue and Earnings Growth in 2016
(World News Austria)

Lenzing Generates Substantial Revenue and Earnings Growth in 2016 Tuesday, 21 March 2017 Lenzing - The Lenzing Group showed an excellent development in the 2016 financial year, with substantial improvement of all economic and balance sheet indicators. The decisive factors underlying the company`s success were the higher selling prices Lenzing obtained for all its fiber products, a better product mix as well as the slight rise in revenue. Consolidated revenue grew by 8 percent in the 2016 financial year to EUR 2.13 bn (2015: EUR 1.98 bn). EBITDA (earnings before interest, tax, depreciation and amortization) improved by 47.6 percent to EUR 428.3 mn (2015: EUR 290.1 mn). The corresponding...