Lenzing AG (OTCPK:LNZNF)

$ 29.52 0 (0%) Market Cap: 1.15 Bil Enterprise Value: 3.06 Bil PE Ratio: 0 PB Ratio: 0.90 GF Score: 68/100

Full Year 2018 Lenzing AG Earnings Call Transcript

Mar 14, 2019 / 11:00AM GMT

Release Date Price: $93

Transcript

Operator

Ladies and gentlemen, thank you for standing by. I am Yasmine, your Chorus Call operator. Welcome, and thank you for joining the Lenzing Group investor conference call. (Operator Instructions)

Your hosts today are Stefan Doboczky and Thomas Obendrauf. I would now like to turn the conference over to Stefan Doboczky, CEO of Lenzing.

Stefan Doboczky

Lenzing Aktiengesellschaft - Chairman of Management Board & CEO

Thank you very much, ladies and gentlemen. A warm welcome to the annual call for Lenzing for the full year results on 2018.

After our record year in 2017, 2018 definitely was a year with a significantly more demanding market environment. Nevertheless, we feel the Lenzing Group delivered solid results. Group revenue, slightly lower than the year before with EUR 2,176,000,000. Overall, I'm going to say this is a fine level. Particularly pleased with the development of our specialty fiber portfolio. The ratio stands now at 45.5%. And it was important for us, in 2018, we always said this will be the acid test year with respect to price

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