Home / Knowledge / News / Textiles / Net profit at Lenzing Group soars 78.9% in 2016
Net profit at Lenzing Group soars 78.9% in 2016
Mar '17
Net profit at Austrian producer of specialty viscose fibres Lenzing Group soared 78.9 per cent to €229.1 million or €8.48 earnings per share in 2016 as against €128.1 million or €4.78 earnings per share in the prior year. Consolidated revenue rose 8 per cent in the reporting year to €2.13 billion compared to €1.98 billion in the previous year.

In 2016, EBITDA expanded 47.6 per cent year on year to €428.3 million, while EBITDA margin grew to 20.1 per cent, up from 14.7 per cent in 2015.

EBIT of the Lenzing Group almost doubled in the period under review, from €151.1 million in 2015 to €296.3 million, while EBIT margin improved to 13.9 per cent vis-à-vis 7.6 per cent in the earlier year.

According the company, the decisive factors responsible for the good results were the higher selling prices for all its fibre products as well as a better product mix. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy: Adidas Originals

Fashion | On 19th Jul 2018

Adidas Originals launches silhouette, P.O.D. System

Adidas Originals has launched its newest silhouette, P.O.D. System,...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2018

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

news category

Related Categories:

Advanced Search