CURRENCY effects added to slightly higher sales volume and improved product mix caused first half revenue of Lenzing to grow by 6.2 per cent year-on-year, to EUR 955.4m. This helped to boost EBIT by a massive 86.7 per cent, to EUR 60.5m. EBITDA also rose sharply, by 37.7 per cent to EUR 126.5m as the margin rose to 13.2 per cent against 10.2 per cent in the same period a year earlier. Click here for more details of first half results.
The stronger results reflect the growing impact of the marketing strategy focused on higher value added specialities and the effectiveness of the cost reduction programme launched last year.