M&A and Price Hikes Lift Lenzing's 2007 Earnings

Lenzing reported full-year 2007 net income up 33%, to €117.6 million ($187 million), on sales up 21%, to €1.26 billion. Fourth-quarter earnings were not published. The start-up of a viscose fiber plant at Nanjing, China, price increase within the cellulose fibers business, and acquisitions by the plastics segment “generated a strong growth spurt,” Lenzing says. Ebitda rose 35%, to €229.3...

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