Lenzing Group 9M 2014 results: consolidated EBITDA down 16% from year ago to Euro 159.8 million




LENZING, Austria, November 13, 2014-

The Lenzing Group is working to counteract the ongoing difficult market environment prevailing in the fiber industry. Sales and earnings declined in the first nine months of 2014 compared to the prior-year performance, but cost savings are having a positive impact. This led to a slight earnings improvement in the third quarter of 2014, the first time in about two years. Further cost reductions are planned in light of the fact that no significant impetus is expected from the market.

Ongoing weak fiber prices burden Q1-3 sales and earnings


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