Lenzing’s fibre prices and demand under pressure due to Covid-19 crisis

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Austrian fibre producer Lenzing had to cope with the effects of the corona pandemic in the first quarter of 2020. The company’s sales dropped by 17 per cent to €466.3m compared to the corresponding period of the previous year. The operating profit before depreciation and amortisation (Ebitda) fell by 24 per cent ...

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