Home / Knowledge / News / Textiles / 9M EBITDA soars 52.2% at Lenzing Group
9M EBITDA soars 52.2% at Lenzing Group
21
Nov '16
For the first nine months ended September 30, 2016, consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) soared 52.2 per cent year on year to €320.6 million at Austrian specialty fibre producer Lenzing Group. This corresponds to an EBITDA margin of 20.3 per cent, up from 14.4 per cent over the same period last year.

Consolidated revenue in the first nine months of 2016, grew 8.2 per cent year over year to €1,578.4 million, primarily driven by higher selling prices of all three fibres in its portfolio, Viscose, Modal and Tencel and also a more attractive product mix.

Earnings before interest and tax (EBIT) almost doubled to €221.7 million in the period under reveiw, while EBIT margin surged to 14 per cent from 7.7 per cent in the first nine months of 2015.

The net profit for the reporting period at €162.1 million too was higher by 91.1 per cent than in the first three quarters of 2015, as a result of which earnings per share drove up 84.6 per cent to €5.98. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search