Lenzing AG

Earnings Release • Sep 3, 2001

News Details

Ad-hoc | 3 September 2001 08:26

Lenzing AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– THE LENZING GROUP: Good First Semester 2001 EBITDA rose by 7.4% to EUR 45.0 million – EBIT increased by 13% to EUR 24.4 million – Earnings before taxes and minority interest (EBT) went up from EUR 21.1 million to EUR 23.0 million – Sales increased by 7.2% – Difficult market environment with higher raw-material costs After an excellent year 2000, the Lenzing Group continued to take a positive development during the first semester 2001, in spite of a more difficult market environment. During the first semester 2001, consolidated sales rose by 7.2%, as compared to the first semester 2000, from EUR 311.8 mill. to EUR 334.3 mill. EBITDA grew by 7.4% and amounted to EUR 45 mill. The operating result (EBIT) totals EUR 24.4 mill., which is an increase of 13% against the same period of the previous year. Earnings before taxes and minority interest (EBT) increased from EUR 21.1 mill. to EUR 23.0 mill. As at 30 June 2001, a total of 3,235 people were employed. Outlook While fiber markets showed some over-heating last year, the demand for fibers is cooling off this year, which means that the fibers industry has to face more difficult overall conditions. The results of the first semester can therefore not be extrapolated to the second semester. From today’s perspective, the full year will again lead to a very good result which, however, will be below the record level of 2000. After the withdrawal of international competitors, a growing demand for Lenzing fibers is expected. The Lenzing Group: Results of First Semester 2001 According to US-GAAP, on a Group basis in EUR mill. 1-6/01 (1-6/00) Sales 334.3 (311.8) EBITDA 45.0 (41.8) EBIT (operating result) 24.4 (21.6) Earnings before taxes and minority interest (EBT) 23.0 (21.1) Net income 14.2 (14.5) Earnings per share (basic) in EUR 3.86 (3,93) end of ad-hoc-announcement (c)DGAP 03.09.2001 ——————————————————————————– WKN: 852927; Index: Listed: Amtlicher Handel in Wien; Amtlicher Handel in Frankfurt und München; Freiverkehr in Berlin 030826 Sep 01