Fiber leader Lenzing sales up 8%, dividend unchanged

03 May '06

1 min read

Cellulose fiber technology leader The Lenzing Group confirms the preliminary figures for business year 2005 published in March. Group sales went up by 8.2 percent to EUR 942.6 mill. (2004: EUR 871.1 million).

EBIT at EUR 81.8 million (2004 EUR 104.3 million) was lower than for record year 2004 due to difficult market conditions late in the year in core business field fibers.

On the basis of the consolidated financial statements now established, the Management Board will propose an unchanged dividend of EUR 8.00 per share for the business year completed to the Regular Shareholders' Meeting on 14 June.

This stable dividend also reflects the return to more stable conditions in the global fiber business environment.

Lenzing will continue to pursue its course of growth and expansion in 2006 as well. The completion of a new viscose fiber production plant in China is scheduled for the end of 2006.

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Upper Austria based Lenzing fibers, made of wood, a renewable raw material, are used by the textile industry - for garments, home textiles and technical textiles - as well as by the nonwovens industry.

The Lenzing Group

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