IHS Chemical Week

People & Business :: Earnings/Finance

Lenzing accelerates cost-reduction program as earnings decline

2:34 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.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


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