Historical highs at Lenzing
The Lenzing Group has posted record sales for the first quarter of 2010.
Consolidated sales rose 32.9%, from EUR 284 million to EUR 377.4 million, reflecting increased fibre quantity with production at full capacity and fibre price changes. The company recorded a quarterly operating result of EUR 49.7 million compared with EUR 1.9 million during the same period in 2009.
Peter Untersperger, chairman of the Lenzing management board, said: “We now benefit from our strategy of having supplied our customers with fibres in the difficult situation of crisis year 2009. Moreover, the series of innovative applications in textiles and nonwovens developed with our special fibres Lenzing Modal and Tencel have been well accepted by the market. Our products are going to the right places at the right time.”
The company expects strong demand to continue in the coming months.
