Lenzing solid in a significantly more challenging market environment
(World News Austria)

Lenzing - The Lenzing Group continued its solid business development in the first half of 2019. Despite a significantly more challenging market environment with historically low prices for standard viscose, Lenzing recorded a slight increase in revenue. The disciplined implementation of the sCore TEN strategy and the focus on specialty fibers continue to have a positive impact. Thanks to ongoing high demand for sustainably produced specialty fibers and positive currency effects, the impact of low standard viscose prices was largely offset in earnings. Revenue of the Lenzing Group increased by 1.2 percent in the first half of 2019 and amounted to EUR 1.09 bn. In addition to more favorable...