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. 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.