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Regions :: Western Europe :: Austria
Lenzing's Earnings Rise On Improved Selling Prices and Demand
7:43 AM MDT | August 23, 2011 | Kerri Walsh
Lenzing reported second-quarter 2011 operating income of €108.5 million, on sales of €544 million because of improved selling prices. Operating margin was 19.9%. First-half operating income soared 85%, to €199.2 million, on sales up 31%, to €821 million because of “considerably higher fiber prices,” higher fiber shipment volumes, and the consolidation of the Biocel Paskov pulp plant acquisition. Lenzing has confirmed its full-year 2011 earnings expectations because of the strong first-quarter results. The company expects...
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