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Consolidated sales at Lenzing rise by 20.9%
14 Apr '08
1 min read
The Lenzing Group confirms the preliminary figures for 2007, released on 14 March 2008.
Thanks to excellent general economic conditions, and as a consequence of the Group's dynamic expansion the result of 2007 surpasses the very good result of the previous business year.
The start-up of the new viscose fiber plant in Nanjing (China), price increases in core business cellulose fibers and company acquisitions by segment Plastics generated a strong growth spurt.
Consolidated sales rose by 20.9% to EUR 1.26 bill. (2006: EUR 1.04 bill.), EBITDA increased by 35.4% to EUR 229.3 mill. (2006: EUR 169.3 mill.), and EBIT grew by 50.6% to EUR 162.3 mill. (2006: 107.8 mill.).
Net income improved to EUR 117.6 mill. (2006: 88.4 mill.), a plus of 33.1%. The management board will propose a dividend per share of EUR 14.00 (2006: EUR 10.00) to the regular shareholders' meeting.
The results for the first quarter 2008 will be released on 9 May. The regular shareholders' meeting will be held at Lenzing on 12 June 2008.
Thanks to excellent general economic conditions, and as a consequence of the Group's dynamic expansion the result of 2007 surpasses the very good result of the previous business year.
The start-up of the new viscose fiber plant in Nanjing (China), price increases in core business cellulose fibers and company acquisitions by segment Plastics generated a strong growth spurt.
Consolidated sales rose by 20.9% to EUR 1.26 bill. (2006: EUR 1.04 bill.), EBITDA increased by 35.4% to EUR 229.3 mill. (2006: EUR 169.3 mill.), and EBIT grew by 50.6% to EUR 162.3 mill. (2006: 107.8 mill.).
Net income improved to EUR 117.6 mill. (2006: 88.4 mill.), a plus of 33.1%. The management board will propose a dividend per share of EUR 14.00 (2006: EUR 10.00) to the regular shareholders' meeting.
The results for the first quarter 2008 will be released on 9 May. The regular shareholders' meeting will be held at Lenzing on 12 June 2008.
Lenzing Group
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