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Lenzing revenue up six per cent in 2015

Lenzing’s consolidated revenue climbed six per cent in the 2015 fiscal. This increase is particularly due to higher fiber selling prices, the growing share of specialty fibers in its product mix and positive exchange rate effects. Ebitda (earnings before interest, tax, depreciation and amortization) improved by 20.7 per cent.

Adjusted equity increased by 15 per cent. The adjusted equity ratio amounted to 50.6 per cent, the highest level since 2006. Net financial debt was sharply reduced by 27 per cent. Accordingly the ratio of net financial debt to Ebitda declined from 1.9 at the end of 2014 to 1.1 at the end of 2015. The return on capital generated by the Lenzing group improved thanks to the positive earnings development. As a result, the return on capital employed increased to eight per cent compared to minus 0.1 per cent in the previous year. Return on equity rose to 13 per cent.

The share of specialty fibers as a percentage of total group revenue was 40.5 per cent in the 2015 financial year compared to the 35 per cent the previous year. Expenditures for research and development were increased by 47 per cent in line with the company’s strategy of focusing on the development, production and marketing of innovative specialty fibers.