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Lenzing ships record fibre volumes in Q1
10 May '12
4 min read
Outlook
Lenzing confirms its guidance for the 2012 fiscal year announced at its annual results press conference. Accordingly, 2012 should be a good year, but will not be able to match the record results posted in 2011. Quarterly business could develop in a mirror-inverted manner compared to 2011, with second-quarter EBITDA likely to total about EUR 100 mn.
A further increase in volume demand and accompanying higher fiber prices compared to the first quarter are anticipated in the second half of 2012 against the backdrop of an improved global economic situation. Most recently there were positive signals relating to private consumption in China and the moderate recovery of the U.S. economy. In addition, market experts see positive price impetus arising as a result of lower harvest expectations for cotton in the coming cotton marketing year.
Fiber shipment volumes on the part of the Lenzing Group are likely to increase to about 810,000 tons for the entire 2012 fiscal year, serving as the basis for consolidated sales to climb to a level between EUR 2.2 bn and EUR 2.3 bn, despite the lower average fiber selling prices. Depending on the development of fiber and raw material prices as well as the global economy, Lenzing confirms its original outlook of an EBITDA between EUR 400 mn and EUR 480 mn, and an EBIT ranging between EUR 285 mn and EUR 365 mn in 2012.
Lenzing confirms its guidance for the 2012 fiscal year announced at its annual results press conference. Accordingly, 2012 should be a good year, but will not be able to match the record results posted in 2011. Quarterly business could develop in a mirror-inverted manner compared to 2011, with second-quarter EBITDA likely to total about EUR 100 mn.
A further increase in volume demand and accompanying higher fiber prices compared to the first quarter are anticipated in the second half of 2012 against the backdrop of an improved global economic situation. Most recently there were positive signals relating to private consumption in China and the moderate recovery of the U.S. economy. In addition, market experts see positive price impetus arising as a result of lower harvest expectations for cotton in the coming cotton marketing year.
Fiber shipment volumes on the part of the Lenzing Group are likely to increase to about 810,000 tons for the entire 2012 fiscal year, serving as the basis for consolidated sales to climb to a level between EUR 2.2 bn and EUR 2.3 bn, despite the lower average fiber selling prices. Depending on the development of fiber and raw material prices as well as the global economy, Lenzing confirms its original outlook of an EBITDA between EUR 400 mn and EUR 480 mn, and an EBIT ranging between EUR 285 mn and EUR 365 mn in 2012.
Lenzing
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