Home / Knowledge / News / Textiles / Lenzing reports €586.2 million revenue in Q1 2017
Lenzing reports €586.2 million revenue in Q1 2017
May '17
Lenzing, supplier of high-quality, botanic cellulose fibres, ranging from dissolving pulp to standard and specialty cellulose fibres, to the textile and nonwovens industry, has reported €586.2 million revenue in Q1 of 2017, up by 14.3 per cent in comparison to Q1 2016. It has succeeded in significantly improving first-quarter revenue and earnings.

EBITDA was up 46.6 per cent to €135.1 million, corresponding to an EBITDA margin of 23 per cent in comparison to 18 per cent in the prior year period. EBIT of the Lenzing Group increased by 72.1 per cent to €102.3 million as against 11.6 per cent in Q1 2016. The profit for the Q1 2017 improved by 69.6 percent to €75 million, and earnings per share rose 67.9 per cent to €2.75 per share.

Further, the company has also opened up new sales and marketing offices in Turkey and Korea. As of mid-2018, customers will have an additional 25,000 tons of lyocell specialty fibres at the disposal. The construction of the new production facility for Tencel fibres in Mobile, Alabama has started already and will be finished at the end of the first quarter of 2019. Lenzing is currently examining several potential sites in Asia for a further lyocell plant.

"The first quarter of 2017 was the best in our company history. A key factor is the disciplined implementation of our sCore TEN corporate strategy. The opening of new sales offices in Turkey and Korea enable us to serve our customers more effectively. We are progressing well with the expansion of our production capacities for specialty fibres. This will support our customers in their own expansion efforts by providing products made of our botanic fibres," said Stefan Doboczky, chief executive officer of the Lenzing Group. "Assuming that fibre market conditions remain at current levels, we expect a substantial earnings improvement this year compared to 2016." (RR)

Fibre2Fashion News Desk – India

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Spokesperson, Hugo Boss

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Zafer Demirel,

Zafer Demirel

Turkey's Canlar Mechatronics is a leading designer and manufacturer of...

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

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

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search