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

Half Year 2019 Lenzing AG Earnings Call Transcript

Aug 07, 2019 / 08:00AM GMT

Release Date Price: $110

Transcript

Operator

Ladies and gentlemen, thank you for standing by. I am Franceska, your Chorus Call operator. Welcome, and thank you for joining the Lenzing Group Analyst 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

Good morning. Thank you very much, operator. A warm welcome from my side. Thanks for joining the H1 2019 conference call.

First half 2019, pretty turbulent market but rather nonturbulent solid results, that's, in a nutshell, the way I would summarize I think the first half for the group. Group revenue were up 1.2% at EUR 1.088 billion and specifically pleased we were that the specialty ratio continues to increase in the region of 48.4%. That brings us, again, I said closer to our target of 2020 with 50%. EBITDA for the same period increased now to EUR 181.2 million compared to EUR 194.8 million a year ago.

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