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Lenzing Group confirms record figures for 2007
14.04.2008
The Lenzing Group confirms the preliminary figures for 2007, released on 14 March 2008. Thanks to excellent general economic conditions, and as a consequence of the Group's dynamic expansion the result of 2007 surpasses the very good result of the previous business year.
The start-up of the new viscose fiber plant in Nanjing (China), price increases in core business cellulose fibers and company acquisitions by segment Plastics generated a strong growth spurt. Consolidated sales rose by 20.9% to EUR 1.26 bill. (2006: EUR 1.04 bill.), EBITDA increased by 35.4% to EUR 229.3 mill. (2006: EUR 169.3 mill.), and EBIT grew by 50.6% to EUR 162.3 mill. (2006: 107.8 mill.). Net income improved to EUR 117.6 mill. (2006: 88.4 mill.), a plus of 33.1%. The management board will propose a dividend per share of EUR 14.00 (2006: EUR 10.00) to the regular shareholders' meeting.
The results for the first quarter 2008 will be released on 9 May. The regular shareholders' meeting will be held at Lenzing on 12 June 2008.
| Consolidated company key figures (IFRS) in EUR mill. |
2007 |
2006 |
| Sales* |
1,260.5 |
1.042.6 |
| EBITDA* |
229.3 |
169.3 |
| EBIT* |
162.3 |
107.8 |
| Net income attributable to shareholders of Lenzing AG |
109.6 |
83.9 |
| EBITDA margin* % |
18.2 |
16.2 |
| EBIT margin* % |
12.9 |
10.3 |
| Equity ratio** % |
44.8 |
51.1 |
| Staff |
6,043 |
5,044 |
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| Capital expenditure (intangibles, property, plant and equipment and financial assets) |
266.8 |
105.7 |
| Operating cash flow |
223.8 |
146.1 |
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* continuing operations
** Equity incl. government grants less prop. deferred taxes
For more information please contact:
Angelika Guldt
Corporate Communications
Mobile: +43 (0)7672 701-2713
E-mail: a.guldt@lenzing.com
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