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LNZ - Lenzing AG News Story

€42.7 -0.6  -1.3%

Last Trade - 11:59am

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.04bn
Enterprise Value £1.82bn
Revenue £1.65bn
Position in Universe 345th / 1031

BRIEF-Lenzing AG sees 2019 profit falling

Mon 27th January, 2020 6:50pm
Jan 27 (Reuters) - Lenzing AG  LENV.VI :
    * EANS-ADHOC: LENZING AG / PRELIMINARY 2019 RESULT BELOW
PRIOR
YEAR’S LEVEL
    * FOCUS ON GROWING LYOCELL CAPACITIES IN THAILAND TRIGGERS
IMPAIRMENT OF ENGINEERING COSTS IN USA
    * PRELIMINARY, UNAUDITED RESULTS FOR 2019 LEAD TO A
FULL-YEAR
REVENUE OF EUR 2.11 BN (2018: EUR 2.18 BN)
    * EBITDA OF EUR 327 MN (2018: EUR 382 MN) AND A NET PROFIT
OF EUR
114 MN (2018: EUR 148 MN)
    * FULL YEAR RESULTS FOR 2019 WILL BE PUBLISHED ON MARCH 12

Source text for Eikon:  ID: 
Further company coverage:  LENV.VI 

 (Reporting By Michael Shields)
 ((Michael.Shields@thomsonreuters.com;))
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