For the first three quarters Lenzing’s revenue decreased 5.2 per cent over the comparative period of the previous year. Ebitda fell 26.8 per cent. The Ebitda margin dropped from 23 per cent. Ebit fell by 36.2 per cent, leading to a lower ebit margin of 11.6 per cent. Net profit dropped by 39 per cent.

For the first three quarters Lenzing had a focus on specialty fibers. The decline in revenue and earnings compared with the same period of previous year was essentially based on a mix of lower prices for standard viscose, more unfavorable exchange rates and price increases for key raw materials.

Lenzing is currently operating in a challenging environment. The group will put all its effort to readjust the execution of its growth plan to meet the strong market demand for its lyocell fibers. This includes an increased focus on the lyocell expansion project in Thailand.

After the introduction of Tencel Luxe branded lyocell filament yarns in the previous year, Lenzing continues to drive innovations in the area of the value chain. In September, the company also announced the successful development of the Lenzing web technology, a new technology platform focusing on sustainable nonwoven products, which will lead to new market opportunities for the industry.