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

Q1 2021 Lenzing AG Earnings Call Transcript

May 05, 2021 / 01:00PM GMT

Release Date Price: $133

Transcript

Operator

Ladies and gentlemen, thank you for standing by. I am Sugi, 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. I would now like to turn the conference over to Stefan Doboczky, CEO of Lenzing.

Stefan Doboczky

Lenzing Aktiengesellschaft - Chairman of Management Board & CEO

Ladies and gentlemen, a warm welcome from my side. Thanks for joining the Q1 Lenzing investor call. Thanks for your interest. Quarter 1 2021, a very successful start in the year and, in some way, maybe even an inch better than what we could have anticipated still some weeks back. And if we compare the situation -- market situation that we face at this moment in time and compare this to just 10 months back, it feels like a different world.

So Q1, very strong market environment in general. Revenue came in with EUR 489 million, up a bit less than 5% versus the same period last year. And if you remember, last year, we were slightly, but only slightly

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