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Lenzing AG

euro adhoc: Lenzing AG
Financial Figures/Balance Sheet
Lenzing Group: Dynamic growth and record result for the first quarter of 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
3-month report
18.05.2007
Strong organic growth of the core business cellulose fibers, 
important acquisitions at Lenzing Plastics and the very good 
development of business operations characterized the first quarter of
2007.
Consolidated sales of the Group rose by 13.8% to EUR 297.2 mill. 
(2006: EUR 261.2 mill.). The increase in sales was mainly the result 
of further production increases in core business fibers. EBIT for the
quarter improved by 42.5% to a new record level of EUR 32.5 mill. 
(2006: EUR 22.8 mill.). Financial income and expense improved to 
minus EUR 2.2 mill. (2006: EUR minus 3.2 mill.) Net income increased 
by 62.4% to EUR 23.0 mill (2006: EUR 14.1 mill). This corresponds to 
earnings per share of EUR 5.78 for the quarter (2006: EUR 3.31).
The EBIT margin was 11.0% (2006: 8.8%) and the EBITDA margin 16.5% 
(2006: 14.8%).
The staff of the Lenzing Group at the end of the quarter was 5,288 
(31 December 2006: 5,044). The increase is mainly due to the start-up
of production at the new viscose fiber production plant in Nanjing 
(China).
Strong fiber business sustains sales and results
The strong demand for viscose fibers benefited Business Unit Textile 
Fibers as well as Business Unit Nonwoven Fibers. Lenzing used the 
favorable market development to further improve its product mix in 
favor of high-quality fiber specialities and to implement price 
increases. All production plants are running at full capacity. Orders
are booked for weeks in advance.
Lenzing Plastics placed a new emphasis on growth with the acquisition
of the German Hahl Group GmbH (first consolidation as of 1 April 
2007) and with its entry into the carbon fiber business. Segment 
Engineering was in line with the good results of the previous 
quarters. Operating results of Segment Paper remain unsatisfactory.
Outlook
The positive market environment is expected to continue in the second
quarter of 2007. Uncertainty in the market could be caused by trade 
policy discussions in the USA on undue subsidies for the Chinese 
textile industry, the continuing weakness of the US dollar towards 
the euro, and the high US cotton stock.
Lenzing will continue to grow in 2007 and will achieve quarterly 
results in line with last year's, provided the current favorable 
economic conditions persist.
|Key Group figures (IFRS) in EUR mill.       |1-3/  |1-3/  |
|                                            |2007  |2006  |
|Consolidated sales                          |297.2 |261.2 |
|EBITDA                                      |49.1  |38.6  |
|EBIT                                        |32.5  |22.8  |
|EBT                                         |30.3  |19.6  |
|Net income                                  |23.0  |14.1  |
|Gross cash flow                             |46.6  |29.3  |
|Investments (according to cashflow          |61.2  |13.7  |
|statement)                                  |      |      |
|                                            |31/3/ |31/12/|
|                                            |2007  |      |
|                                            |      |2006  |
|Equity                                      |537.1 |516.0 |
|Staff                                       |5,288 |5,044 |
end of announcement                               euro adhoc 18.05.2007 07:09:51

Further inquiry note:

Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mailto:a.guldt@lenzing.com

Branche: Chemicals
ISIN: AT0000644505
WKN: 852927
Index: WBI
Börsen: Börse Berlin-Bremen / free trade
Wiener Börse AG / official dealing

Original-Content von: Lenzing AG, übermittelt durch news aktuell

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