Lenzing falls on wider than expected Q2 net loss
02/08/2023 08:51
** Lenzing LENV.VI shares fall 2.9% after the Austrian
chemicals firm released its second quarter results, recording a
net loss wider than expected
** The Austrian firm recorded Q2 net loss attributable to
shareholders of 23.7 million euros ($26.04 million), versus
Erste Group's estimates of 19.3 million euros
** "Overall, Lenzing’s 2Q23 results lagged behind our
expectations on the top and bottom lines. Nevertheless, the
operating result made more sizable q/q progress than we
anticipated" Erste Group says
** Lenzing is amidst the worst performers of the Austrian
traded index .ATX
($1 = 0.9102 euros)
(Reporting by Tristan Veyet)
((Tristan.chabba@thomsonreuters.com))