Financial

Lenzing focuses on specialty fibers to achieve sustainable growth

2020-03-18T12:05:00

1200px-Logo-lenzing.svgz

Source: Lenzing

(updated on March 26) In view of the rapidly spreading cornavirus epidemic, the Austrian fiber producer withdrew its former guidance and said it is now expêecting its results to decline in 2020. Due to a “historically difficult” market environment in 2019, Lenzing posted lower revenues and earnings for 2019. Sales ...

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