In 2017, the Lenzing Group reports its best financial performance ever with record revenue and earnings due to a better product mix and higher selling prices in combination with a generally favourable market environment. Group revenue grew by 5.9 per cent in the 2017 financial year to 2.26 bn euro (2016: 2.13 bn euro). Group earnings before interest, tax, depreciation and amortization (EBITDA) improved by 17.3 per cent to 502.5 mn euro (2016: 428.3 mn euro). The corresponding EBITDA margin rose to 22.2 per cent (2016: 20.1 per cent). Earnings before interest and tax (EBIT) increased by 25.2 per cent to 371 mn euro, resulting in a higher EBIT margin of 16.4 per cent (2016: 13.9 per cent). The net profit for the year totaled 281.7 mn euro, a rise of 23 percent from the prior-year figure of 229.1 mn euro. Earnings per share in the 2017 financial year amounted to 10.47 euro (2016: 8.48 euro).
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