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LNZ - Lenzing AG News Story

€45.8 -0.1  -0.2%

Last Trade - 18/09/20

Basic Materials
Mid Cap
Market Cap £1.11bn
Enterprise Value £1.90bn
Revenue £1.67bn
Position in Universe 343rd / 1040

Lenzing sees no big fibre price recovery in 2015

Tue 24th March, 2015 6:38am
VIENNA, March 24 (Reuters) - Austrian fibre maker Lenzing AG 
 LENV.VI  expects no far-reaching price recovery this year, it 
said on Tuesday, after a market swamped by cheap Chinese and 
Indian viscose pushed it to an expected final net loss of 14 
million euros ($15.3 million). 
    Lenzing, which is pushing ahead with a savings programme, 
proposed a dividend of 1 euro per share for last year, down from 
1.75 euros for 2013. Lenzing reiterated its preliminary results. 
 ID:nL6N0TI0X6   ID:nL5N0W44WP  
($1 = 0.9140 euros) 
 (Reporting By Shadia Nasralla; Editing by Prateek Chatterjee) 
 ((Shadia.Nasralla@thomsonreuters.com)(+43 153 11 2256)(+43 664 
390 6505)) 
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