Lenzing raises outlook for current financial year
LENZING, Austria, July 27, 2021-
The Lenzing Group recorded a significantly improved development of its operating result in the first half of 2021. The preliminary EBITDA (earnings before interest, tax, depreciation and amortization) more than doubled year-on-year to EUR 217.8 mn (compared to EUR 95.6 mn in the first half of 2020).
The currently positive environment is still characterized by a high level of uncertainty regarding the COVID-19 pandemic. Despite the continued limited visibility, the Managing Board of the Lenzing Group raises the outlook for the 2021 financial year.
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