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06.11.2019

Lenzing solid in a very difficult market environment

  • Continued positive development of the specialty fiber business with a share in revenue of 49.8 percent
  • Focus on expanding specialty fiber and dissolving wood pulp capacities in line with the sCore TEN strategy
  • Growing trade conflicts put the textile value chain under pressure – standard viscose prices at a historic low
  • Investments of EUR 100 mn to achieve ambitious climate targets

The Lenzing Group continued its solid business development in the third quarter of 2019 despite a significantly more challenging market environment.

  • Continued positive development of the specialty fiber business with a share in revenue of 49.8 percent
  • Focus on expanding specialty fiber and dissolving wood pulp capacities in line with the sCore TEN strategy
  • Growing trade conflicts put the textile value chain under pressure – standard viscose prices at a historic low
  • Investments of EUR 100 mn to achieve ambitious climate targets

The Lenzing Group continued its solid business development in the third quarter of 2019 despite a significantly more challenging market environment. The consistent implementation of the sCore TEN strategy and the focus on specialty fibers again had a positive impact. As a result, the decline in revenue and earnings in the first three quarters of 2019 due to the historically low standard viscose prices was mitigated.

 

More information:
Lenzing Gruppe Lenzing Group
Source:

Lenzing AG