Home / Knowledge / News / Textiles / Consolidated sales at Lenzing rise by 20.9%
Consolidated sales at Lenzing rise by 20.9%
14
Apr '08
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.

Lenzing Group

Must ReadView All

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Prime Minister Theresa May speaking on the UK government's negotiating objectives for exiting the EU. Courtesy: UK government

Textiles | On 18th Jan 2017

UK to pursue trade agreements with other countries

The United Kingdom will pursue free trade agreements with the EU and...

Courtesy: IMF

Textiles | On 18th Jan 2017

Risks to global growth outlook skewed to downside: IMF

Risks to the global growth outlook are two sided but are assessed to...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search