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Lenzing’s savings paying off with doubling of profit for first quarter

Lenzing’s savings paying off with doubling of profit for first quarter

Austria-based fibre group Lenzing has reported a 29% rise in earnings for the first quarter to €59.6 million, due to an “upgraded product mix, slightly higher fibre sales volumes and the improved cost situation”.

Revenues rose 5% to €474.6 million. Profit more than doubled to ...
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