Lenzing revenues grow 5.9 percent in 2017

In 2017, the Lenzing Group reported group revenue growth of 5.9 percent to 2.26 billion euros (2.80 billion dollars). Group EBITDA improved by 17.3 percent to 502.5 million euros (621.5 million dollars) and the corresponding EBITDA margin rose to 22.2 percent. EBIT for the year increased by 25.2 percent to 371 million euros (458.8 million dollars), resulting in a higher EBIT margin of 16.4 percent, while net profit was 281.7 million euros (348.4 million dollars), a 23 percent rise over the prior-year. Earnings per share amounted to 10.47 euros (12.95 dollars) against 8.48 euros 10.49 dollars) in 2016.