Lenzing slips after Q3 results
03/11/2022 10:44
** Shares in Lenzing LENV.VI fall around 3% after the
Austrian chemicals firm reported lower third-quarter EBIT
** Lenzing's third-quarter EBIT came in at 16.9 million
euros ($16.49 million), down 57% year-on-year, hurt by heavier
energy and raw materials costs
** "In short term, energy and raw material cost pressures
create a very difficult market environment," Erste Group
analysts say
** Lenzing shares fall to the bottom of the Austrian traded
index .ATX
($1 = 1.0250 euros)
(Reporting by Tristan Chabba)
((Tristan.chabba@thomsonreuters.com))