The Lenzing Group continues its success in the first two quarters into the third quarter of 2007 and is heading for a new annual record result.
Consolidated sales for the first nine months of 2007 rose by 18.7% to EUR 966.2 mill. (2006: EUR 814.1 mill.). This increase is due to the strong growth in core business fibers and the inclusion of the new companies acquired by Business Unit Plastics in 2007.
The nine-month EBIT of 2007 increased by 41.6% to EUR 113.4 mill., a record result already exceeding the EBIT of EUR 107.1 mill. for all of 2006, a very good business year in itself. Period net income increased by 54.1% to EUR 80.6 mill. (2006: EUR 52.3 mill.).
„We benefit from the continuing boom in the global fiber industry, as well as from the fact that the strong organic growth of our core business fibers has laid the foundation for making optimum use of this boom." is how Thomas Fahnemann, chairman of the Lenzing management board, describes the current development. "Moreover, the decision to develop Lenzing Plastics as another platform for growth is the first step towards widening our business base and covering attractive niche areas."
The nine-month EBIT margin for 2007 was 11.7% (2006: 9.8%) and the EBITDA margin 16.7% (2006: 15.6%). The third-quarter EBIT and EBITDA margins reached record highs of 13.5% and 18.0%, respectively.
As at 30 September 2007 the Lenzing Group employed a staff of 5,919 (31 December 2006: 5,044). Theincrease is a result of the start of operations at the new viscose fiber production plant in Nanjing and the acquisitions by Business Unit Plastics.
-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)")
