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Lenzing AG

euro adhoc: Lenzing AG
Quarterly or Semiannual Financial Statements / The Lenzing Group: Preliminary Result for 2004

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
15.03.2005
The Lenzing Group: Preliminary Result for 2004
Lenzing Experienced a Positive
Development in 2004
?	Asia continues to be the growth engine
?	Proposed dividend: EUR 8 (after EUR 6)
Based on preliminary figures, the Lenzing Group improved all of its
key figures regarding sales and income by double-digit percentages
during the last business year 2004. Compared to the previous year,
profit from ordinary activities before interest and income taxes
(EBIT) according to IFRS increased to a record level of EUR 104.3
mill. (+ 16.3%). For the first time in its history, the company
exceeded the EUR 100-million mark. The IFRS net profit before
minority interests rose to EUR 78.0 mill. i.e. a 22.4% increase. With
regard to sales, the Lenzing Group achieved an increase of 16.6%, to
EUR 871.1 mill. The Management Board will propose a dividend increase
to EUR 8 per share (from EUR 6 for 2003) to the Shareholders’
Meeting.
Significantly better production volumes in the fiber sector, the
inclusion of the Tencel group of companies (which began in the second
quarter), higher sales by Lenzing Technik, as well as an improved
price level for fibers were the main factors contributing to the good
development of the Group. Due to strong demand, it was possible to
adjust prices in order to accommodate the  higher raw-material costs.
Lenzing Technik, the systems-construction and engineering company,
benefited from the favorable cyclical environment in the viscose and
pulp industries and scored new record sales figures. The development
at Lenzing Plastics also took a clearly positive direction.
Due to the weak cyclical situation of the industry, the unfavorable
development of the paper sector’s result could not be prevented,
although intensive improvement measures were taken.
The Lenzing Group expects an extremely difficult market environment
in 2005: Cotton prices are anticipated to go down, raw material costs
will remain high, and the dollar/euro ratio will continue to be
unfavorable - these are the key adverse factors that the fiber
industry will face.
In EUR mill.
~
Lenzing Group      2004 preliminary      2003
Sales              871,1                747,2
EBITDA             160,4                134,8
EBIT               104,3                 89,7
Net profit         78,0                  63,7
EBITDA margin in % 18,4                  18,0
EBIT margin in %   12,0                  12,0
Equity ratio in %  48,5                  45,3
~
end of announcement                    euro adhoc 15.03.2005 08:04:15 

Further inquiry note:

Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mailto:a.guldt@lenzing.com

Branche: Chemicals
ISIN: AT0000644505
WKN: 064450
Index: WBI
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing

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