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 2020 Lenzing AG Earnings Call Transcript

Mar 11, 2021 / 02:00PM GMT

Release Date Price: $137.31

Transcript

Operator

Ladies and gentlemen, thank you for standing by. I am Matt, your Chorus Call operator. Welcome and thank you for joining Lenzing Group's analyst call. (Operator Instructions).

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

Stefan Doboczky

Lenzing Aktiengesellschaft - Chairman of Management Board & CEO

Thank you, operator. A warm good day. Good morning, good afternoon, good evening, which ever timezone. Thank you for joining in for the call concerning the annual results 2020. 2020 in a nutshell dominated by warn theme and it was COVID and it's impact on people, on operations and the business. And I think it not an exaggeration that it was for the total textile industry at least the most challenging years for decades. Highlight for the year I think Lenzing is sort of did reasonably well given the industry context which we'll elucidate in more detail.

Revenue came in at EUR 1.63 billion, some EUR 0.5 billion down compared to the

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