Lenzing Q3 net profit declines by 15.6 percent

The Lenzing Group’s revenues in the third quarter amounted to 1.62 billion euros (1.79 billion dollars), down 1.1 percent, which the company said were achieved despite the steep decline in prices for standard viscose. However, the company added that share of specialty fibers in revenue, at 49.8 percent, significantly exceeded the prior-year value of 44.1 percent. Net profit for the period decreased by 15.6 percent to 112.9 million euros (125 million dollars) and earnings per share amounted to 4.41 euros against 5.06 euros in the previous year.