Nov 03, 2022 / 02:00PM GMT
Stephan Helmut Sielaff - Lenzing Aktiengesellschaft - CEO, Interim CFO & Member of Management Board
Thank you, and a very warm welcome also from my side. As you heard, I'm here together with Thomas Obendrauf and Robert van de Kerkhof. So if we could go to the next page.
Thank you. So how were the first 9 months of 2022? Yes, Lenzing was increasingly affected by the extreme developments in the global energy and raw material market in line with the impact for most of the manufacturing industry. The market environment deteriorated sharply, especially during the course of the third quarter and was worsening as the consumer climate placed additional pressure on Lenzing business performance. Very clearly, in the third quarter, you could see that consumers really see and feel the pressure from inflation. That brings us to the results.
So on the left-hand side, the upper box, you see our revenue grew by 24% to close to EUR 2 billion, mainly driven by higher fiber prices, but also by an increase in the pulp prices and volume. At the same token, it's true to see that our EBITDA suffered from
Q3 2022 Lenzing AG Earnings Call Transcript
Feb 14, 2024
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