EANS-News

Lenzing AG / Lenzing Generates Substantial Revenue and Earnings Growth in 2016

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Financial Figures/Balance Sheet

- Revenue increased by 8 percent to EUR 2.13 bn - EBITDA up 47.6
percent to EUR 428.3 mn - Rise in share of specialty fibers to 42
percent - Dividend proposal of EUR 3.00/share plus a special dividend
of EUR 1.20/share - Further earnings improvement expected in 2017

Lenzing - The Lenzing Group showed an excellent development in the
2016 financial year, with substantial improvement of all economic and
balance sheet indicators. The decisive factors underlying the
company's success were the higher selling prices Lenzing obtained for
all its fiber products, a better product mix as well as the slight
rise in revenue.

Consolidated revenue grew by 8 percent in the 2016 financial year to
EUR 2.13 bn (2015: EUR 1.98 bn). EBITDA (earnings before interest,
tax, depreciation and amortization) improved by 47.6 percent to EUR
428.3 mn (2015: EUR 290.1 mn). The corresponding EBITDA margin rose
to 20.1 percent, up from 14.7 percent in the 2015 financial year.
EBIT (earnings before interest and tax) of the Lenzing Group almost
doubled - with an increase from EUR 151.1 mn to EUR 296.3 mn. The
EBIT margin improved to 13.9 percent (2015: 7.6 percent). The group
net profit for the year totaled EUR 229.1 mn, a rise of 78.9 percent
from the prior-year figure of EUR 128.1 mn. Earnings per share in the
2016 financial year amounted to EUR 8.48 (2015: EUR 4.78).

The Management Board and the Supervisory Board will propose at the
upcoming Annual General Meeting an increase in the dividend from EUR
2.00 per share to EUR 3.00 per share, plus a special dividend of EUR
1.20 per share. In total, the dividend will amount to EUR 4.20 per
share, corresponding to a dividend payment to shareholders of EUR
111.51 mn.

"The Lenzing Group looks back at a very successful financial year
2016. Our new corporate strategy sCore TEN has clearly proven its
value. In a very positive market environment for wood-based cellulose
fibers we successfully expanded our market position in specialty
fibers. Furthermore, we optimized our production processes, which
also contributed to the better earnings and enhanced our financial
strength", says Stefan Doboczky, Chief Executive Officer of the
Lenzing Group. "We will continue our disciplined implementation of
sCore TEN and put particular focus on the expansion of our specialty