27.01.2020,
1671 Zeichen
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
Financial Figures/Balance Sheet/Strategic Management Decisions
27.01.2020
-
Focus on growing lyocell capacities in Thailand triggers impairment of engineering costs in the USA\nOperational headwinds and one-off result in declined net profit\nLenzing - The Management Board has decided to focus in the coming years on
expanding its lyocell production capacities in Asia, where Lenzing's greenfield
project in Thailand is progressing well. Consequently, engineering costs related
to the mothballed US lyocell fiber expansion will be fully written off. In
addition, viscose prices continued to decline throughout the year, currently
trading at historically unprecedented low levels. This unfavorable price
development affected the Group's operating performance.
Based on the above, the Lenzing Group's preliminary, unaudited results for 2019
lead to a full-year revenue of EUR 2.11 bn (2018: EUR 2.18 bn), an EBITDA of EUR
327 mn (2018: EUR 382 mn) and a net profit of EUR 114 mn (2018: EUR 148 mn). The
Lenzing Group's full year results for 2019 will be published on March 12, 2020.
end of announcement euro adhoc
issuer: Lenzing AG
A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW:
http://www.lenzing.com
ISIN: AT0000644505
indexes: WBI, ATX
stockmarkets: Wien
language: English
Digital press kit:
http://www.ots.at/pressemappe/1597/aom
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1.
Lenzing: Sustainable clothing is becoming increasingly popular, also in the mountains. We are pleased that with Martini Sportswear, we have found a partner who uses our TENCEL™ fibers in its new summer collection: https://www.martini-sportswear.com/ Source: http://facebook.com/LenzingGroup
, (© Aussendung) >> Öffnen auf photaq.com
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