Lenzing revenues slide 10.8 per cent year on year

LENZING – Lenzing Group’s first-quarter revenues fell 10.8 per cent year on year as weaker fibre sales and lower pulp prices continued to weigh on the Austrian cellulosic fibre producer.

The company reported revenues of €615.7m for the three months to 31 March, down from €690.2m a year earlier.

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