Lenzing Reports Lower EBIT for 2003

摘要

According to preliminary figures,the operating result (earnings before interest and taxes,EBIT) of the Lenzing Group amounted to 74.0 million euro for 2003 as compared with 78.4 million euro in the previous year.The reasons for this decrease of about 5.6% were the development of the dollar exchange rate and a highly volatile fiber market.Currency fluctuations and the absence of trading revenues also had repercussions on sales,which slightly decreased by about 0.6% to 621.9 million euro.