IHS Chemical Week

Regions :: Western Europe

Lenzing reports lower sales and profits citing high inventories, lowers guidance

3:44 AM MDT | August 21, 2013 | Natasha Alperowicz

Lenzing (Lenzing, Austria), a leading man-made cellulosic fiber producer, today reported significantly lower sales and profits for the first six months of the year. The company is adjusting its investments and has lowered its full-year guidance to reflect market conditions. Lenzing cites high cotton inventories and surplus capacities for viscose fibers in China, the most important market, for declining prices.   Profit declined 35% to €65.3 million ($87.4 million) on sales 7% down at €989.9 million. Ebitda in the first six months was €162...

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 subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 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


contact us | about us | privacy policy | sitemap

ihsCopyright © 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