For the first nine months of 2017, Lenzing’s revenue climbed 9.4 per cent. This increase is attributable to higher prices for all three fiber generations. Ebitda rose 23.9 per cent, corresponding to an ebitda margin of 23 per cent, up from 20.3 per cent in the prior-year period. Earnings before interest and tax (EBIT) increased by 34.6 per cent, resulting in a higher EBIT margin of 17.3 per cent. Profit for the period improved by 35.3 per cent and earnings per share rose 36 per cent.
Lenzing successfully captured value in a very positive market environment. The company opened an application innovation center in Hong Kong aimed at boosting regional innovation capabilities and strengthening its offering to all partners along the value chain. New applications for Lenzing fibers will be developed and tested at the new facility, among them applications for recent innovations such as the Tencel Luxe branded lyocell filament, the Refibra branded lyocell fiber and the EcoVero branded viscose fiber.
Sales and marketing offices were opened in Turkey and South Korea in the first half of 2017. The direct contact to customers and well-equipped showrooms featuring products made of Lenzing fibers serve as the basis for providing even better customer support.
