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Lenzing expects 2021 operating results to reach pre-COVID levels

  

Lenzing Group expects operating result for 2021 to reach 2019 levels. The group’s EBITDA earnings Q1FY2021 increased by 36.8 percent year-on-year to €94.5 million. Lenzing Group produces eco-friendly fibers from the renewable raw material wood. Its high-quality fibers are used in a variety of textile applications ranging from elegant ladies clothing to versatile denims and high-performance sports clothing. Due to their consistent high quality, their biodegradability and compostability Lenzing fibers are also highly suitable for hygiene products and agricultural applications.

The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to help redirect the textile sector towards a closed-loop economy. In order to reduce the speed of global warming and to accomplish the targets of the Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing aims to make its dream of a zero-carbon future come true.

 
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