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Friday 6 March 2009

Lenzing extends position as leader in cellulose fibres

Lenzing - The Lenzing Group says it made good use of 2008, a year characterized by volatility and the deepening financial crisis, to further extend its position as world market leader in cellulose fibres.

According to preliminary figures, consolidated sales rose by 5.4% to EUR 1.33 bill. (2007: EUR 1.26 bill.), EBITDA declined by 12.4% to EUR 200.8 mill. (2007: EUR 229.3 mill.) and EBIT fell by 19.7% to EUR 130.3 mill. (2007: EUR 162.3 mill.). Net income declined by 33.1% to EUR 77.7 mill. (2007: EUR 109.6 mill.). In view of the uncertain economic development in the current business year, the management board will decide on a dividend proposal at a later date.

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