LENZING, Austria, August 7, 2024-

The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, reports a gradual improvement in its business performance in the first half of 2024. As expected, the recovery of the markets relevant to Lenzing proved to be sluggish. Although fiber sales volumes increased, fiber prices remained at a low level. The cost of raw materials and energy remained high. At the same time, logistics costs rose significantly in the reporting period.

Revenue grew by 4.8 percent year-on-year to EUR 1.31 bn in the first half of 2024, primarily thanks to higher revenue from fibers (+9.3 percent).

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