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Lenzing reports lower earnings and sales, confirms guidance

8:32 AM MST | November 15, 2012 | Sotirios Frantzanas

Lenzing says its sales decreased 1.5% in the nine-month period ended 30 September 2012, to €1.57 billion from €1.59 billion in the prior-year period. Ebitda and Ebit also decreased 22% and 30% in the first nine months of 2012, to €281.5 million and €203.4 million, respectively. Quarterly figures were not disclosed. "In spite of the difficult market conditions, we were able to achieve record sales of 590,000 m.t. of fibers in the first three quarters of 2012 against the backdrop of the full utilization of our production capacities,"...

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