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Lenzing reports consolidated sales rise by 13.8% in Q1
18 May '07
2 min read
Segment Engineering was in line with the good results of the previous quarters. Operating results of Segment Paper remain unsatisfactory.
Outlook:
The positive market environment is expected to continue in the second quarter of 2007. Uncertainty in the market could be caused by trade policy discussions in the USA on undue subsidies for the Chinese textile industry, the continuing weakness of the US dollar towards the euro, and the high US cotton stock.
Lenzing will continue to grow in 2007 and will achieve quarterly results in line with last year's, provided the current favorable economic conditions persist.
Outlook:
The positive market environment is expected to continue in the second quarter of 2007. Uncertainty in the market could be caused by trade policy discussions in the USA on undue subsidies for the Chinese textile industry, the continuing weakness of the US dollar towards the euro, and the high US cotton stock.
Lenzing will continue to grow in 2007 and will achieve quarterly results in line with last year's, provided the current favorable economic conditions persist.
Lenzing Group
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