Lenzing H1 revenues decline by 25.6 percent

In the first half of 2020, the Lenzing Group said that it faced a historically difficult market environment with increased pressure on prices and volumes resulting from the Covid-19 crisis. The company said in a statement that immediate effects of the Covid-19 crisis further increased price pressure on textile fibers across the entire product range resulting in revenue decline of 25.6 percent to 810.2 million euros in the first half of 2020.