IHS Chemical Week

World News and Views :: Top of the News

Lenzing accelerates cost-reduction program as earnings decline

9:34 AM MDT | March 21, 2014 | Natasha Alperowicz

Lenzing  (Lenzing, Austria), a leading cellulose fiber producer, today reported its 2013 results and said that it will counter the unsatisfactory earnings results with a massive reduction in costs. The company announced a cost-reduction program and job cuts in December 2013. Profit for the year reached €50 million ($68.9 million) compared with €180.9 million in 2012. Sales were down 9%, to €1.91 billion, while Ebitda declined from €352.4 million in 2012 to €225.4 million last year. Ebitda margin was down from 16.9% in 2012 to 11.8%...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa