Lenzing AG

Earnings Release • May 17, 2002

News Details

Ad-hoc | 17 May 2002 07:58

Lenzing AG english

Lenzing Group: Successful course continues Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Lenzing Group: Successful course continues Surplus of First Quarter 2002 – a Plus of 56 Per Cent The consolidated sales were increased by 2.8%, to EUR 150.8 mill., although the pulp trade for Bacell SA, Brazil, which had contributed EUR 10.2 mill. to sales, was discontinued. On a restated basis for last year’s value, sales would have gone up by 10.5%. All economic key data were improved substantially: the EBITDA rose by 23.9% to EUR 29.5 mill., the EBIT by 34.8 per cent, to EUR 19.0 mill., the EBT by 38 per cent, to EUR 18.9 mill., and the suplus for the period by 55.6%, to EUR 11.2 mill. Just like in 2001, the full business year, all business sectors achieved a positive result for the first quarter 2002. Especially the fibers sector benefits currently from a very strong demand for specialty fibers, Modal fibers in particular. As production facilities for competing fibers were closed down, Lenzing succeeded in increasing its sales volume in this area significantly. Altogether, the segments textile fibers and nonwovens recorded a clear upswing in demand. It was possible to more than compensate individual price decreases by an improved product mix. We can expect a further recovery of the fiber market in the months to come. The vigorous demand for Lenzing specialty fibers, especially Modal, is expected to persist. The business sector Lenzing Technik can boast a good order level. Lenzing Plastics expects a continuing positive development, although the difficult market situation persists. Lenzing Paper anticipates that more sold quantities will help achieve a positive result for 2002. Important Key Data for the First Quarter 2002 in EUR mill. (1st Quarter 2001) Sales: 150.8 (146.7) EBITDA: 29.5 (23.8) EBIT: 19.0 (14.1) EBT: 18.9 (13.7) Surplus for the period: 11.2 (7.2) Please contact Lenzing AG for further information: Ms. Angelika Guldt, phone: ++43 – 7672 – 701 2713 end of ad-hoc-announcement (c)DGAP 17.05.2002 ——————————————————————————– WKN: 852927; ISIN: AT0000644505; Index: Listed: Amtlicher Handel in Wien; Amtlicher Handel in Frankfurt und München; Freiverkehr in Berlin 170758 Mai 02