Lenzing’s revenues for the first quarter of 2017 have risen 14.3 per cent compared to the first quarter of 2016.

EBITDA was up 46.6 per cent corresponding to an EBITDA margin of 23 per cent in comparison to 18 per cent in the prior year period. EBIT increased by 72.1 per cent as against 11.6 per cent in the first quarter of 2016.

Profits for the first quarter of 2017 improved by 69.6 per cent and earnings per share rose 67.9 per cent.

Lenzing is a supplier of high-quality, botanic cellulose fibers, ranging from dissolving pulp to standard and specialty cellulose fibers to the textile and nonwovens industry.

Assuming fiber market conditions remain at current levels, Lenzing expects a substantial earnings improvement this year compared to 2016. As of mid-2018, customers will have an additional 25,000 tons of lyocell specialty fibers at their disposal. Lenzing is currently examining several potential sites in Asia for a further lyocell plant.

Production capacities are being expanded for specialty fibers. New sales offices will be opened in Turkey and Korea.

Lenzing, based in Austria, produces premium sustainable cellulosic fibers including tencel, viscose and modal in production sites around the world, including the United States, Europe and Asia.