Lenzing pleased with improving financials
Fibre producer the Lenzing Group has reported an improvement in its business performance in the first quarter of 2025.
Revenue grew by 4.8% year-on-year to €690.2 million while earnings rose by 118.8% year-on-year to €156.1 million.
Rohit Aggarwal, Lenzing Group CEO, said: “The Lenzing Group continued on its recovery track in the first quarter of 2025 and achieved significant revenue and earnings growth thanks to our performance programme.
“Uncertainty in the markets and – as a consequence – limited earnings visibility have been further exacerbated by an increasingly aggressive tariffs policy. For this reason, we will not ease up on resolutely implementing the measures we have initiated, in order to complete our turnaround and further strengthen our position as a leading integrated fibre company.”
The initiatives are primarily aimed at improving profit and at generating free cash flow. Actions include the acquisition of new customers, expansion in previously smaller markets as well as cost savings.
The group expects growth in demand for environmentally responsible fibres for the textile and apparel industry, as well as for the hygiene and medical sectors.
