LENZING, Austria, March 22, 2017-

The Lenzing Group showed an excellent development in the 2016 financial year, with substantial improvement of all economic and balance sheet indicators. The decisive factors underlying the company’s success were the higher selling prices Lenzing obtained for all its fiber products, a better product mix as well as the slight rise in revenue.

Consolidated revenue grew by 8 percent in the 2016 financial year to EUR 2.13 bn (2015: EUR 1.98 bn). EBITDA (earnings before interest, tax, depreciation and amortization) improved by 47.6 percent to EUR 428.3 mn (2015: EUR 290.1 mn). The corresponding EBITDA margin rose to 20.1 percent, up from 14.7 percent in the 2015 financial year. EBIT (earnings before interest and tax) of the Lenzing Group almost doubled - with an increase from EUR 151.1 mn to EUR 296.3 mn. The EBIT margin improved to 13.9 percent (2015: 7.6 percent). The group net profit for the year totaled EUR 229.1 mn, a rise of 78.9 percent from the prior-year figure of EUR 128.1 mn. Earnings per share in the 2016 financial year amounted to EUR 8.48 (2015: EUR 4.78).

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