Despite new trade tariffs and numerous other burdens, Lenzing was once again able to increase sales and profits in the first half of the year. The Austrian fibre manufacturer generated sales of 1.34 billion euros in the first half of the year, exceeding levels reached during the same period last year.
EBITDA increased by 63.3% to 268.6 million euros during the six months. The sale of EU emission certificates amounting to 30.6 million euros also contributed to the increase.
The business' bottom line was a profit of 15.2 million euros following a loss of 65.4 million euros. The textile group is maintaining its outlook and expects EBITDA for the year as a whole to be higher than in the previous year.
" Lenzing made further progress on the road to operational recovery in the first half