Home / Knowledge / News / Textiles / Revenues climb 8.3% at Lenzing Group in H1
Revenues climb 8.3% at Lenzing Group in H1
25
Aug '16
Revenue for the six months ended June 30, 2016 at Lenzing climbed 8.3 per cent from a year ago period to €1,034.8 million as a consequence of higher fibre selling prices and an attractive product mix compared to the first half of 2015. During the first half of the current year, production volumes remained largely unchanged as against the same period last year.

During the first half of 2016, consolidated earnings before interest, tax, depreciation and amortisation or EBITDA expanded by a massive 54.3 per cent year on year to €195.1 million. EBITDA margin also rose 570 bps to 18.9 per cent vis-à-vis 13.2 per cent in the prior year's first half.

In the reporting period, earnings before interest and tax (EBIT) also more than doubled to €129.7 million, while EBIT margin also nearly doubled to 12.5 per cent from 6.3 per cent in the previous year's first half.

The net profit for the first half of 2016 soared 83.9 per cent over the six months ended June 30, 2015 to €94.6 million and earnings per share, resultantly too surged 76.2 per cent to €3.49.

CEO of Lenzing AG Stefan Doboczky said, “On one hand, we benefitted from a positive market environment, while on the other hand, we continued our implementation of Score Ten, our new group strategy, in a very disciplined and intense fashion.” (AR)

Fibre2Fashion News Desk – India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search