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Lenzing AG / Lenzing Generates Substantial Revenue and Earnings Growth in 2016 - Seite 3

the dissolving wood pulp operations in Paskov (Czech Republic) and
Lenzing (Austria).

Lenzing increased its revenue from specialty fibers for garments as a
result of the increased integration of TENCEL® fibers in high quality
applications. One future-oriented example is the RefibraTM fiber
presented in 2016. In addition to wood, this new generation of
lyocell fibers uses recycled scraps from the textile industry as the
basic raw material. The first garments made with RefibraTM fibers
were brought to market by Zara, a subsidiary of Inditex, the world's
largest fashion retailer. The nonwovens business showed a stable
development in 2016.

Outlook In 2017 the Lenzing Group will continue to focus on the
disciplined implementation of its sCore TEN strategy and,
specifically, on specialization and sustainability-driven innovation.
The steady expansion of the specialty fiber capacities and the
intensification of its brand management will be essential to
increasing customers' awareness for the unique selling proposition of
Lenzing's fiber products.

The Lenzing Group registered strong demand for its fibers during the
first weeks of 2017, which, in turn, led to continued high capacity
utilization in all product groups. The market price index for viscose
fibers was substantially higher than in the comparable prior year
period. Under the assumption of unchanged conditions in the fiber
market and stable exchange rates, Lenzing expects a considerable
improvement in results in the fiscal year 2017 compared to 2016.

Key group indicators
(IFRS)

(in EUR mn) 01-12/2016 01-12/2015(3)
Revenue 2,134.1 1,976.8
Earnings before interest, 428.3 290.1
tax, depreciation and
amortization (EBITDA)
EBITDA margin in % 20.1 14.7
Earnings before interest 296.3 151.1
and tax (EBIT)
EBIT margin in % 13.9 7.6
Net profit for the year 229.1 128.1
CAPEX(1) 107.2 70.9



Dec. 31, 2016 Dec. 31, 2015(3)
Adjusted equity Ratio(2) in % 53.0 50.6
Number of employees at 6,218 6,127
year-end

1) Capital expenditures: acquisition of intangible assets, property, plant and
equipment

2) Ratio of adjusted equity to total assets in percent 3) The figures
were partially adjusted (for further details please refer to note 2
to the Consolidated Financial Statements of the Lenzing Group).

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Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: [phone]
mailto:[e-mail]

end of announcement euro adhoc
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company: Lenzing AG

A-A-4860 Lenzing
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: official market: Wien
language: English