Lenzing H1 revenues decline by 6.4 percent

In the first half of 2018, Lenzing Group revenues declined by 6.4 percent to 1,075.4 million euros (1,249.8 million dollars), which the company attributed to less favourable currency exchange rates. EBITDA for the period, Lenzing said, decreased by 28.1 percent to 194.8 million euros (226.4 million dollars), due to price increases for key raw materials and higher energy prices. The EBITDA margin fell from 23.6 percent in the first half of 2017 to 18.1 percent in the first half of 2018, while EBIT declined by 37 percent to 128.7 million euros (149.5 million dollars), leading to a lower EBIT margin of 12 percent.