Even as revenue dropped in the first half to $1.47 billion (1.27 billion euros) from $1.56 billion (1.34 billion euros) in the same period last year, Lenzing Group delivered stronger profits.
The cellulose fiber company said its net result after tax rose to $41.11 million (35.6 million euros) from $17.55 million (15.2 million euros) last year
Dollar figures are at the current exchange rate. More from WWD “Despite a persistently challenging market environment in the first half of 2026, characterized by volatile energy and raw material prices, subdued global consumer demand and intensified competition from Asia, the Lenzing Group achieved a significantly positive result,” the company said in a statement Wednesday. The company said the drop in revenue compared with the first half of 2025 was primarily attributable to a deliberate reduction of low-margin fiber volumes as well as the resulting lower fiber production.
There were also lower revenues from the external pulp business. The company said free cash flow increased to $52.89 million (45.8 million euros) in the first half from $49.77 million (43.1 million euros) last year. For the second quarter, revenue increased to $752.56 million (651.7 million euros) from $ 711 million (615.7 million euros) in the same period last year.