• FY net profit down 28% to EUR191.9m (US$246.9m) 
  • Sales down 2.3% to EUR2.09bn
  • Good performance from Tencel fibre

Fibre business Lenzing Group saw reductions in full-year net profit and sales in a “difficult” market environment, despite a good performance from its Tencel speciality fibre.

“We performed quite well in 2012 despite a very difficult market environment,” said company CEO Peter Untersperger.

“Naturally, our operating margins were below those in the boom year 2011, but still at a good level.

“We fully utilised our new production capacities, and were sold out throughout the entire year.

“This success proves the long-term correctness of our growth strategy in our core business of manufacturing man-made cellulose fibres.”