Lenzing hints at upturn despite sluggish market

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LENZING – Lenzing has reported a gradual improvement in its performance in the first half of 2024, despite experiencing a sluggish recovery across the cellulosic fibre market.  

Posting revenues of €1.31 billion for the January to June, up 4.8% compared to the same period last year, Lenzing said that its 9% increase in fibre sales was offset by stubbornly low fibre prices and the continuation of higher raw material and energy costs.

LENZING – Lenzing has reported a gradual improvement in its performance in the first half of 2024, despite experiencing a sluggish recovery across the cellulosic fibre market.  

Posting revenues of €1.31 billion for the January to June, up 4.8% compared to the same period last year, Lenzing said that its 9% increase in fibre sales was offset by stubbornly low fibre prices and the continuation of higher raw material and energy costs.

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