Lenzing AG logo

LNZ - Lenzing AG News Story

€45.8 -0.1  -0.2%

Last Trade - 18/09/20

Sector
Basic Materials
Size
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)) 
 
Keywords: LENZING OUTLOOK/
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.