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Lenzing AG Werkstraße 2 4860 Lenzing, Austria http://www.lenzing.com
Contact Ms Angelika Guldt +43 7672 7012713
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Lenzing AG

Lenzing Group: Difficult Market Situation Continued in Q1/2014 - Countermeasures Have a Positive Impact

(PresseBox) (Lenzing, )
.
- New record sales volume of 235,000 tons (+9%) in Q1/2014
- Declining average fiber selling prices burden consolidated sales and earnings
- Cost optimization program excelLENZ exceeds targets

The first quarter of 2014 for the Lenzing Group was characterized by the steady erosion of selling prices for man-made cellulose fibers against the backdrop of the ongoing strong volume demand.

Lenzing is doing its best to counteract the difficult market conditions thanks to a new record volume of fiber sales and the speedy implementation of the cost optimization program excelLENZ.

Nevertheless, these measures were not sufficient to prevent a considerable decline in pvgic ext hidwuiuz.

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