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LNZ - Lenzing AG News Story

€45.3 0.3  0.7%

Last Trade - 4:35pm

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.10bn
Enterprise Value £1.89bn
Revenue £1.68bn
Position in Universe 341st / 1041

Lenzing says cannot rule out another earnings decline in 2014

Fri 21st March, 2014 9:01am
VIENNA, March 21 (Reuters) - Austrian synthetic fibres group Lenzing  LENV.VI  said on Friday that positive effects from its new savings programme may not be sufficient to avert another earnings decline this year. The group, which earlier reported a slump in 2013 earnings, said in November it would launch a cost-cutting programme including a 15 percent reduction in staff at its largest production site.  ID:nL6N0MI13W  (Reporting by Angelika Gruber; Writing by Maria Sheahan; Editing by Christoph Steitz) ((maria.sheahan@thomsonreuters.com)(+49 69 7565 1286)(Reuters Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) Keywords: LENZING RESULTS/
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