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Report

Lenzing reports 25.7 percent sales growth in Q1

Lenzing Group revenue grew by 25.7 percent to reach 615 million euros in the first quarter of 2022, due to continued high demand for wood-based biodegradable specialty fibres and higher fibre prices. First quarter EBITDA decreased by 7 percent to 88 million euros and the EBITDA margin reduced from 19.3 to 14.3 percent. Net profit for the quarter...

May 4, 2022