Fibres group Lenzing has reported revenues of €658.4 million for the first quarter of 2024, an increase of 5.7% year on year.

It said it had achieved a higher volume of sales of its cellulosic fibres, but that an expected recovery in relevant markets had not materialised, that fibre prices remained at a low level. Partially compensating for this, it said the cost of raw materials and energy had come down, but were still higher than in 2019.

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