Cellulosic fibre manufacturing group Lenzing has reported revenues of €489.3 million for the first quarter of 2021, an increase of 4.9% year on year. Pre-tax earnings from this were €94.5 million, up by 36.8% compared to the figure for the same quarter last year.

Lenzing said the growth was mainly attributable to a strong increase in demand from China and higher viscose prices. It added that a focus on wood-based specialty fibres such as Tencel and Ecovero had also had a positive impact on development.

Chief executive, Stefan Doboczky, said demand for these speciality fibres was positive again. He added that there was growing optimism in the textile value chain and a strong recovery in the fibre markets.

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