21st Austria weekly - Lenzing RBI Kontron voestalpine 03/11/2023 [pic1]Lenzing: The anticipated recovery in markets relevant for the Lenzing Group a leading global supplier of specialty fibers textile and nonwovens industries has to date failed materialize. Revenue first three quarters 2023 decreased by 5.3 percent year-on-year EUR 1.87 bn. This reduction was primarily due lower fiber revenues while pulp revenues were up. net result after tax amounted minus 96.7 mn compared with 74.9 2022 earnings per share 4.90 2.16 2022. Building on this Managing Board is currently implementing comprehensive performance program overriding objective significantly enhanced long-term resilience crises greater agility face market changes. In addition positive effects sales expects annual cost savings more than 100 mn which approx. 50 will be effective from coming financial year.Lenzing: performance: 3.27% RBI: Raiffeisen Bank International
21st Austria weekly - Lenzing RBI Kontron voestalpine 03/11/2023 [pic1]Lenzing: The anticipated recovery in markets relevant for the Lenzing Group a leading global supplier of specialty fibers textile and nonwovens industries has to date failed materialize. Revenue first three quarters 2023 decreased by 5.3 percent year-on-year EUR 1.87 bn. This reduction was primarily due lower fiber revenues while pulp revenues were up. net result after tax amounted minus 96.7 mn compared with 74.9 2022 earnings per share 4.90 2.16 2022. Building on this Managing Board is currently implementing comprehensive performance program overriding objective significantly enhanced long-term resilience crises greater agility face market changes. In addition positive effects sales expects annual cost savings more than 100 mn which approx. 50 will be effective from coming financial year.Lenzing: performance: 3.27% RBI: Raiffeisen Bank International
Austrian bank sees major fall in Russia profits bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
The chief of Austria s Raiffeisen Bank International said on Friday the timing of a sale or spin-off of its extensive operations in Russia was largely out of his control..