Lenzing AG

Earnings Release • May 23, 2001

News Details

Ad-hoc | 23 May 2001 08:24

Ad hoc-Service: Lenzing AG

Ad-hoc-Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. ——————————————————————————– THE LENZING GROUP: GOOD FIRST QUARTER 2001 AFTER THE EXCELLENT YEAR 2000 All production lines of the Lenzing Group worked to full capacity during the first quarter 2001. In the course of the first three months of the year, the consolidated sales went up by 12%, as compared to the first quarter 2000, i.e. from EUR 144.4 million to EUR 162.2 million. Earnings before taxes and minority interest (EBT) rose from EUR 7.4 million to EUR 11.5 million, which is a growth of 55%. The operating results amounted to EUR 12.3 million, as compared to EUR 9.0 million before. EBITDA grew by 22% and amounted to EUR 22.6 million. As at 31 March 2001, the staff level amounted to 3,211. The Lenzing Group expects a good year 2001. It can be expected that raw-material prices will continue to be on a high level during the second quarter. It is anticipated for the second semester of the year that the demand for Lenzing fibers will continue to grow, since several competitors in Japan, the USA and Europe are withdrawing from the market. Lenzing Group: First Quarter Results 2001, according to US GAAP, on a Group basis, in EUR mill (1. Quarter 2000): Sales: 162.2 (144.4) Earnings before taxes and minority interest (EBT): 11.5 (7.4) Income from operations: 12.3 (9.0) EBITDA: 22.6 (18.6) Profit for the year after minority interest: 7.2 (4.6) Ende der Ad-hoc-Mitteilung (c) DGAP 23.05.2001 ——————————————————————————– WKN: 852927; Index: Notiert: Amtlicher Handel in Wien; Amtlicher Handel in Frankfurt und München; Freiverkehr in Berlin 230824 Mai 01