Lenzing Gets Back in the Black
Yahoo Finance·2026-05-09 06:17
Lenzing AG swung back to a profit in the first quarter, reporting net income of 24 million euros ($28.3 million, roughly) after logging losses across the previous three quarters of 2025. Revenue fell year over year as volatile market conditions continued to pressure the Austrian textile giant, the company said in a May 7 statement. The wood-based fiber producer reported first-quarter revenue of 615.7 million euros—the American equivalent of $726.53 million, down 10.8 percent year over year, as lower fibe ...