in this issue
People & Business :: Earnings/Finance
Lenzing reports lower sales and earnings, speeds up savings plan
August 21, 2014 | Natasha Alperowicz
Lenzing today reported Ebitda declined 29%, to €91.1 million ($121.9 million), in the first six months of 2014 on 9.1% lower sales of €900.0 million. Ebitda margin declined from 13.7% in the first half of last year to 10.2%. Ebit more than halved, to €32.4 million, compared with €73.8 million in the first six months of 2013. Second-quarter Ebitda was €45.6 million, 52% down on the year-earlier quarter, with sales down from €493.3 million in the second quarter of 2013 to €448.3 million in the latest quarter. The company...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee