Lenzing AG

Earnings Release • May 17, 2002

News Details

Ad-hoc | 17 May 2002 07:48

Lenzing AG english

Lenzing Group: Final Results 2001 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Lenzing Group: Final Results 2001 2001 – The Second-Best Year in the Company’s History In spite of the difficult global economic environment the Lenzing Group succeeded in continuing its successful course in fiscal 2001. It was possible to increase the consolidated sales results by 3,9%, to EUR 622.7 million. The EBITDA (EUR 102.0 mill.) was only slightly below the record set in 2000 (EUR 107.6 mill.). The EBIT amounted to EUR 64.6 mill., after EUR 69.8 mill., and the EBT before minority interests was EUR 65.5 mill., as compared to EUR 69.3 mill. In order to facilitate comparisons, the comparable key data for 2000 were adjusted according to US-GAAP, as LFC, the US subsidiary, was sold at the end of 2001. The Board of Management will propose to the regular shareholders’ meeting the distribution of an unchanged dividend of EUR 1.46 per share for fiscal 2001. Important Key Data for Fiscal 2001 in EUR mill. (2000 adjusted according to US- GAAP) Sales: 622.7 (599.4) EBITDA: 102.2 (107.6) EBIT: 64.6 (69.8) EBT: 65.5 (69.3) 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 170748 Mai 02