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LNZ - Lenzing AG News Story

€42.75 -0.5  -1.2%

Last Trade - 12:24pm

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

BRIEF-Lenzing Q1 EBITDA Down By 24.3% At EUR 69.6 mln

Wed 6th May, 2020 6:33am
May 6 (Reuters) - Lenzing AG  LENV.VI :
    * Q1 REVENUE DECLINED BY 16.7 PERCENT IN COMPARISON WITH PRIOR-YEAR QUARTER AND AMOUNTED TO
EUR
466.3 MN
    * Q1 NET PROFIT FOR PERIOD WAS DOWN 58.6 PERCENT TO EUR 17.7 MN
    * Q1 EBITDA (EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTIZATION) DECREASED BY 24.3
PERCENT TO EUR 69.6 MN
    * ANNUAL GENERAL MEETING HAS BEEN RESCHEDULED FOR JUNE 18, 2020
    * DECIDED TO PROPOSE TO SUPERVISORY BOARD AND ANNUAL GENERAL MEETING NOT TO DISTRIBUTE A
DIVIDEND
FOR 2019 FINANCIAL YEAR
    * GUIDANCE FOR 2020 REMAINS SUSPENDED

Source text for Eikon:  ID:nAPA8y2NFC 
Further company coverage:  LENV.VI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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