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LNZ - Lenzing AG News Story

€45.25 -0.1  -0.1%

Last Trade - 4:35pm

Basic Materials
Mid Cap
Market Cap £1.10bn
Enterprise Value £1.89bn
Revenue £1.67bn
Position in Universe 343rd / 1039

Lenzing CEO says no fibre price increases in sight

Thu 13th November, 2014 8:42am
VIENNA, Nov 13 (Reuters) - There are no fibre price 
increases in sight, the chief executive of Austrian viscose 
fibre maker Lenzing told Reuters on Thursday, flagging the 
company might lower its prices in order not to lose market share 
to Chinese and Indian competitors. 
    Peter Untersperger said it was hardly possible to beat 
third-quarter earnings before interest, tax, depreciation and 
amortisation in the fourth quarter.  ID:nL6N0T317S  
 (Reporting by Shadia Nasralla and Angelika Gruber; Editing by 
Michael Shields) 
 ((Shadia.Nasralla@thomsonreuters.com; +43 664 390 6505; Reuters 
Messaging: shadia.nasralla.thomsonreuters@reuters.net)) 
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