LENZING – Cellulosic fibre specialist Lenzing has posted a wider loss for the first three quarters of 2024, with lower fibre prices and higher raw material costs off-setting an increase in sales volumes.
Reporting a net loss of €111.1 million, down from €96.7 million in the same period last year, on the back a 5% increase in revenues to €2 billion, Lenzing said profitability was also impacted by higher energy and logistics costs.
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