Lenzing swings to loss as pandemic pressures textile fiber prices

Lenzing swings to loss as pandemic pressures textile fiber prices
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

15.03.2021

MOSCOW (MRC) -- Fibers producer Lenzing swung to a net loss of EUR10.6 million (USD12.7 million) in 2020 from a net profit of EUR114.9 million the year before, on sales of EUR1.6 billion, down 22.4%, said Chemweek.EBITDA fell 39.9% to EUR196.6 million. The EBITDA margin decreased from 15.5% to 12.0%. Fourth-quarter figures have not been disclosed. The immediate effect of the pandemic on

Full article at mrcplast.com

Back

news