Lenzing Group - business development significantly better than recently assumed

(PresseBox) (Lenzing, ) The Lenzing Group is expecting a significantly better development of sales and results for the third quarter and therefore for first nine months of 2010 than recently assumed. According to preliminary figures, consolidated nine-month sales increased by 45.2 % to EUR 1.28 bill. The preliminary ninemonth EBIT more than tripled from previous year's EUR 54.3 mill. to EUR 168.8 mill. Further details will be published by Lenzing as scheduled on 16 November 2010.

Lenzing AG

The Lenzing Group is an international group of companies with its headquarters in Austria, production sites in all major markets and a global network of sales and marketing offices. Lenzing provides the global textile and nonwovens industry with high-quality cellulose fibers.

The company is the leading supplier in many business-to-business markets - from cellulose fibers to special plastic polymer products.

Lenzing quality and Lenzing innovative power set standards for man-made cellulose fibers world-wide. Seventy years of fiber production expertise make us the only producer world-wide of all three man-made cellulose fiber generations, from classic viscose to modal and lyocell. Lenzing's unique combination of consistent customer orientation with leadership in quality, innovation and technology is the foundation of our success.

Lenzing is committed to the principles of sustainable management and very high environmental standards.

Lenzing's core business fibers and plastics are complemented by our activities in business field engineering.

Key Figures Lenzing Group 2009:
Sales: EUR 1.25 bill.
Export share: 88,4%
Fiber production: 568.576 tons
Staff: 6,021

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