Strong demand for Lenzing fibers continues – segment Plastics grows due to acquisitions – expansion to continue in second half.
Business developed successfully in all relevant segments, and especially in core segment Fibers, in the first half of 2007. The dynamic expansion of segments Fibers and Plastics continued, resulting in the best half-year result in the history of the company.
Consolidated sales went up by 15.9% to EUR 618.2 mill. for the first six months of 2007 (reference period 2006: EUR 533.5 mill.).
The increase in sales was due to increased production, further product mix improvements, price adaptations in core segment fibers and strong growth through acquisitions in segment Plastics.
EBIT improved by 31.5% to a new half-year record of EUR 66.3 mill. (reference period 2006: EUR 50.4 mill.). The financial result improved from minus EUR 6.4 mill. to minus EUR 4.6 mill. EBT was EUR 61.7 mill. (reference period 2006: EUR 44.0 mill.).
The period net income of EUR 46.1 mill. was 45.4% higher than that of the first six months of 2006 (EUR 31.7 mill.). At the end of June 2007 the Lenzing Group employed a staff of 5,820 (31 December 2006:5.044).
This increase was caused by the start-up of production at the new viscose fiber plant in Nanjing (China) and by company acquisitions in segment Plastics.
The business development of segment Fibers was characterized by the positive economic environment of the fiberindustry, and in particular by the continuing strong demand for high-quality cellulose fibers in the emerging markets, wich was strong for textile fibers as well as for nonwoven fibers.
-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)")
