Lenzing Group released the results for the first six months of 2006. Strong demand in textile fiber business – new product applications well received by the market – good quantity demand expected for the next six months
The second quarter of 2006 saw the consolidation of the positive development in fiber business market conditions that had set in during the first quarter. The result of the second quarter is one of the best quarterly results in the history of the company.
Consolidated sales of the company group went up by 14.9 percent to EUR 533.5 million for the first six months of 2006 (compared to EUR 464.4 million for the 2005 reference period). EBIT at EUR 50.4 million was on par with the result for the first six months of 2005 (EUR 50.2 million). EBIT for the second quarter of 2006 at EUR 27.6 million, oreover, was 21.0 percent higher than the corresponding figure for 2005 (EUR 22.8 million.)
Rising interest rates in the dollar zone and an unfavorable exchange rate situation lowered the financial result to minus EUR 6.4 million (2005: plus EUR 1.1 million). The result before taxes at EUR 44.0 million was 14.2 percent lower than for the first six months of 2005 (EUR 51.3 million).
Period net earnings were at EUR 31.7 million. (2005: EUR 38.4 million.). The current strong quantity demand mainly concerns business sector textile fibers. Lenzing was able to expand its business in Asia, but the European market situation, too, is more stableafter last year's turbulent events. Demand for high-quality specialties has continued to rise. Lenzing, moreover, was very successful in establishing newly developed fiber applications in the market.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
