Lenzing pleased with its performance - sportstextiles: Lea SportsTextiles

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Lenzing pleased with its performance

05/03/2009
The Lenzing Group has posted solid results for 2008. According to preliminary figures, consolidated sales rose by 5.4% to EUR1.33 billion compared with EUR1.26 billion in 2007. Net income fell 33.1% to EUR77.7 million compared with EUR109.6 million.

Peter Untersperger, chairman of the management board and head of finance comments: “We made optimum use of business year 2008 despite the difficult economic environment with its very different conditions and achieved the second-best EBIT result in our corporate history. In the first two quarters, the company benefited from the very good market situation created by the 2007 fibre boom. In the third quarter, the global economy clouded over and affected our business development. We countered this trend with innovative products quality service to our fibre customers second-to-none and by our lead in cost efficiency.”

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