Lenzing sees sales and profits rise in first half of the 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 of 2025," said CEO Rohit Aggarwal. The ongoing cost-cutting program, which has already saved costs of over 130 million euros in 2024, contributed to this. However, market prices for fibres remained at a low level, while costs for raw materials, energy, and logistics remained high.
"At the same time, we are seeing noticeable effects of the increasing uncertainties in international trade in the second quarter - particularly as a result of aggressive customs policies," the manager conceded. The customs measures and resulting uncertainty had led to noticeable burdens along the textile value chain and slowed down the recovery. These developments would have a negative impact on business prospects and earnings. "We are therefore all the more determined to continue our measures to secure the turnaround in the long term and further strengthen our margins."
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