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People & Business :: Companies
M&A and Price Hikes Lift Lenzing's 2007 Earnings
6:22 AM MDT | April 14, 2008 | Kerri Walsh
Lenzing reported full-year 2007 net income up 33%, to â‚¬117.6 million ($187 million), on sales up 21%, to â‚¬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 â€śgenerated a strong growth spurt,â€ť Lenzing says. Ebitda rose 35%, to â‚¬229.3...
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