Q1 2022 Lenzing AG Earnings Call Transcript
Yes. Thank you. A very warm welcome also from my side to our quarter 1 results investor presentation. If we want to look at it at a glance, then I'm pretty glad that we can report a very solid performance for the first quarter 2022. We have a strong revenue growth from EUR 489 million in quarter 1 2021 to EUR 615 million in the quarter 1 of this year. We see also that our EBIT developed with EUR 88 million, which is slightly below quarter 1 '21 and we have a net result after minorities and hybrid bonds of EUR 23 million versus EUR 28 million in quarter 1 '21. The earnings per share are EUR 0.87 where they were EUR 1.06 in last year's first quarter.
On the key developments, I think the first quarter of '22 was really a milestone for Lenzing. We have 2 major highlights this, on one hand side, the successful startup and ramp-up of the lyocell plant in Thailand. It is the world's largest lyocell plant with a capacity of 100,000 tonnes. And in the same quarter, we are happy to report the successful startup of our
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