From the Sector

• This Spring Summer Season 2018 Graciela Huam's second knit collection takes us to the Gray Beach…

Northern Europe is known for its short summer, the cool wind during the morning and evening and its unpredictable climate. Those countries are not warm even during the summer season.

Therefore, many people often travel to the south: Spain, Italy, Portugal or Asia longing for sun, sand and sea. And there is Lima, a coastal city with a good climate and a characteristic grey sky throughout the year, where the sun is hidden among the dense clouds, but despite this detail, its strong presence is still felt. If we move to Lima, we lie on the sand and cast our gaze to the sky as it teleports us to the cold northern European sky with the difference that our presence is on that warm gray beach.

Graciela Huam takes its heritage and inspiration from The Netherlands and Peru, those are the countries that influence and guide her work. The designer combines the vibrant Peruvian culture with the Dutch avant-garde design and her favorite colours are powered by the landscapes of both.

The products are designed in the Netherlands and created in the Andes of Peru, using only the most exclusive Peruvian materials such as the luxurious Alpaca and the famous Pima Cotton. All garments are made by passionate and skilled Peruvian craftspeople. This results in beautiful and high quality garments and a contemporary, prêt-à-porter style, creating versatile collections of knitwear.

Graciela Huam follows the principles of responsible and sustainable production, using traditional methods in order to achieve quality that is superior to industrially made products.

The brand is committed to partnering with local entrepreneur artisans and is working in association with a group certified with the principles of fair trade. Knitwear will always be a good investment and just like a work of art can create a truly iconic end result.

The choice of fabrics and production of Graciela Huam's knitted garments combined with this unique technique will reveal to you the high dedication and passion the designer feels for her work.

• Revenue up 11 percent to EUR 1,149.1 mn
• EBITDA increase of 38.8 percent to EUR 270.7 mn
• Detailed planning for new production plant for TENCEL® fibers in Thailand in Progress
• New sales offices opened in Turkey and Korea
• New EcoVeroTM branded viscose fibers with very favorable ecological footprint launched

The Lenzing Group generated new record highs in the first half of the 2017 financial year for both revenue and earnings. The key underlying factors were good capacity utilization, higher selling prices and an attractive product mix. Lenzing will continue to focus on the disciplined implementation of the Group strategy sCore TEN, in order to be even closer to the customer and to further expand the offering of specialty fibers.

Consolidated revenue increased by 11 percent from the first half of the previous financial year to EUR 1,149.1 mn. Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) were up 38.8 percent to EUR 270.7 mn, corresponding to an EBITDA margin of 23.6 percent in comparison to 18.9 percent in the prior-year period. Earnings before interest and tax (EBIT) increased by 57.4 percent to EUR 204.2 mn, resulting in a higher EBIT margin of 17.8 percent (H1 2016: 12.5 percent). The profit for the period improved by 58.9 percent to EUR 150.3 mn, and earnings per share climbed 59 percent to EUR 5.55 per share.

“The first half-year developed very well for the Lenzing Group, and we are pleased with the best half-year period in the company’s history. We will continue our disciplined implementation of the sCore TEN strategy. The expansion of new state-of-the-art production capacities for our specialty fibers is proceeding well and will support our customers in their own expansion efforts for products made of our botanic fibers. The decision to set up a subsidiary and acquire a respective landplot in Thailand is the next step in the implementation of this strategy. On the innovation side we are proud that after the introduction of RefibraTM branded lyocell fibers, we launched now EcoVeroTM. This is a particularly high-performance fiber featuring a very favorable ecological footprint and sets the new benchmark for the entire industry – from fiber to garment”, states Stefan Doboczky, Chief Executive Officer of the Lenzing Group. “Assuming that fiber market conditions remain at current levels, we expect a substantial earnings improvement in 2017 compared to 2016.”