Lenzing AG

Earnings Release • May 23, 2001

News Details

Ad-hoc | 23 May 2001 08:19

Ad hoc-Service: Lenzing AG

Ad-hoc-Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. ——————————————————————————– LENZING GROUP: FINAL RESULTS 2000: BEST YEAR IN THE HISTORY OF THE COMPANY The Lenzing Group experienced a favorable development in the course of the year under review. Earnings before taxes and minority interest (EBT) went up from EUR 3.9 mill. for 1999 to EUR 64.9 mill., which is the best result achieved in the history of the company. With an increase of 75% to EUR 107.4 mill., EBITDA showed an above-average growth. These results became possible on account of an optimized product mix and the strict cost-reduction program of recent years. The consolidated Group revenues went up from EUR 550.2 mill. to EUR 664.1 mill., which is an increase of 21%. The fibers sector contributed 63% of sales, while paper and films each generated 9%, and the engineering & systems-construction sector 3%. All production facilities worked to full capacity. The total production of the Lenzing locations went up by 14% to 335,000 tonnes of fibers, as compared to the year before. The Lenzing Group succeeded in increasing its world market share from 9% to 20% over the past ten years. The equity ratio rose from 32% to 37%. The ROCE increased from 2% to more than 14%. The net gearing developed from 50% to 44%. EUR 45.3 mill. were spent on investments in fiscal 2000 (1999: EUR 39.0 mill.) Lenzing Group – Final results for the year 2000, according to US GAAP, on a Group basis, in EUR mill. (1999): Sales: 664.1 (550.2) Earnings before taxes and minority interest (EBT): 64.9 (3.9) Income from operations: 67.0 (9.2) Profit for the year after minority interest: 42.3 (4.3) 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 230819 Mai 01