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LNZ - Lenzing AG News Story

€45.8 0.6  1.2%

Last Trade - 25/09/20

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.10bn
Enterprise Value £1.89bn
Revenue £1.67bn
Position in Universe 342nd / 1042

Lenzing posts 2014 loss as fibre prices fall

Mon 2nd March, 2015 6:10pm
FRANKFURT, March 2 (Reuters) - Austrian viscose fibre maker 
Lenzing  LENV.VI  said falling fibre prices and subsequent 
adjustments in goodwill, property and equipment caused a loss of 
14 million euros ($15.66 million) in 2014, citing preliminary 
results for the past financial year. 
    Sales declined to 1.86 billion euros from 1.91 billion in 
2013, while earnings before interest and tax (EBIT) reached 22 
million euros in, the company said, not providing a comparable 
year-earlier figure. 
($1 = 0.8942 euros) 
     
 
 (Reporting by Christoph Steitz; editing by Susan Thomas) 
 ((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; 
Reuters Messaging: 
christoph.steitz.thomsonreuters.com@reuters.net)) 
 
Keywords: LENZING RESULTS/
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