Home / Knowledge / News / Textiles / Consolidate revenue up 7.4% in Q1-3 at Lenzing
Consolidate revenue up 7.4% in Q1-3 at Lenzing
13
Nov '15
Lenzing Group, an Austria based global manufacturer of man-made cellulose fibres for the textile and nonwoven industry, reported an increase of 7.4 per cent in its consolidate revenue in the first three quarters of the calendar year 2015 as compared to the corresponding period of 2014.

The consolidate revenue at Lenzing Group for the period between Q1-3 of 2015 stands at €1458.9 million as compared to €1357.7 million in 2014, because of improved cost structure in the company, increased fibre prices and positive exchange rate effects, according to a press statement released by the company.

Lenzing's EBITDA was recorded at €210.6 million in the first nine months of 2015, which is an increase of 31.7 per cent as compared to the corresponding period of 2014. The net profit for this period was recorded to be €84.4 million, which is an increase of 90.6 per cent as compared to the same period last year.

Commenting on the results, Stefan Doboczky, CEO of Lenzing said, “In the first three quarters of the year we came close to doubling our net profit for the period compared to the same period last year. We continue to progress well in our profit improvement measures and currently benefit from the somewhat more positive business environment.”

The company expects fourth quarter 2015 earnings to show a similar development as in the third quarter of the year. (MCJ)

Fibre2Fashion News Desk — India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search