LENZING – Austrian fibre producer Lenzing is set to have €480 million ($524m) wiped from its value in a projected non-cash asset impairment charge – but says its investment programme will not be affected.
The company also revealed that its expected earnings for 2023 would be around €300 million ($328m), in line with its previous earnings forecast of €270-330 million ($295-360m) for the year.
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