People & Business :: Earnings/Finance
Lenzing reports earnings fall, confirms full-year guidance
12:08 PM MDT | May 8, 2013 | Michael Ravenscroft
Lenzing Group (Lenzing, Austria) has reported consolidated sales of €496.5 million ($653.6 million) for the first quarter of 2013, a decline of 6% from the €528 million posted in the year-ago quarter. This change includes, however, a shift of about €25 million from external to internal sales by a pulp plant. In a year-on-year (YOY) comparison of total fiber sales, a selling price decline was almost completely compensated by higher fiber sales volumes in the first quarter. Ebitda fell 31%, to €64.5 million from €93.1 million YOY, although...
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