Lenzing’s net profit has increased by 83.9 per cent in the first half year of 2016 compared to the first half year of 2015. Lenzing significantly increased revenue and profitability and substantially improved cash flow while continuing reduction of net debt. Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) improved by 54.3 per cent, boosting the EBITDA margin to 18.9 per cent compared to the prior-year level of 13.2 per cent. Earnings before interest and tax (EBIT) more than doubled. The EBIT margin increased to 12.5 per cent, up from 6.3 per cent in the previous year.

At largely unchanged production volumes, consolidated revenue rose by 8.3 percent as a consequence of higher fiber selling prices and an attractive product mix compared to the first half-year of 2015. Lenzing has a focus on profitable growth based on environmentally friendly specialty fibers. The company will expand its production capacities for specialty fibers.

The strong earnings figures for the first half of 2016 paired with the positive market environment reinforces the optimism of the Lenzing Group for the full year. Lenzing expects excellent business results in the financial year 2016 and consequently a substantial earnings improvement compared to the financial year 2015.