euro adhoc: Lenzing AG / quarterly or semiannual financial statement / Lenzing Group: dynamic growth continues

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27.11.2006

The Lenzing Group continued on its path of dynamic growth in the
first nine months of 2006, thanks to very good results in the fiber
core business. Company group sales rose by 16.7% to EUR 814.1 mill.
as compared to the reference period 2005. EBIT improved to EUR 80.1
mill., an increase of 16.4%. EBT at EUR 72.2 mill. was 7.0% higher
than last year, despite a less favorable financial result.

Thomas Fahnemann, chairman of the Lenzing AG management board,
comments the current business development: "Our strong sales growth
up to this point in 2006 is essentially a result of increased fiber
output at all our production sites and the successful implementation
of price adjustments that had recently become necessary to compensate
for the increase in raw material prices." According to him, fiber
business in the recent months has gained added momentum: "Although
third quarters as a rule are weak due to seasonal reasons, Lenzing
was able to report a record result for the third quarter of 2006."

Quarterly sales rose by 20.3% from EUR 233.2 mill. to EUR 280.6
mill., EBIT increased by 59.7% from EUR 18.6 mill. to EUR 29.7 mill.
Third quarter net income increased by even 66.1% to EUR 20.6 mill.
(2005: EUR 12.4 mill.).

The Lenzing Group at the reporting date 30 September 2006 employed a
staff of 4,907 (year end 2005: 4,860)

Business Units Textile Fibers and Nonwoven Fibers The strong demand
for Lenzing textile products reflects the good global market
situation, but is also a result of a whole range of Lenzing Group
product innovations. Lenzing continued to gain market share,
especially in high-quality fiber applications and fiber blends, as
well as brand sportswear and brand lingerie products. Accordingly,
the product mix has recently been shifted even further towards
specialty products with strong margins. The technical textile fibers
sector developed very well, too.

Sector nonwovens showed first signs of recovery. The price
adaptations in this sector, however, were largely absorbed by the
strong increase in pulp prices. The sales development of
Lyocell-based nonwovens continued to be positive.

Lenzing Plastics and Lenzing Engineering again positive The
development of Lenzing Plastics continued to be positive. The demand
for construction and insulation material, as well as for cable films
and PTFE-based products is good. Lenzing Engineering managed to
obtain good order bookings in the third quarter again. Lenzing Paper
managed to implement first price increases and cost savings, the
result for the first nine months of 2006, however, was still
negative.

Outlook continues to be favorable The further development of business
year 2006 and the first months of 2007 are expected to be
characterized by a continued good market environment and strong
demand for Lenzing fiber products. Even if energy prices consolidate
on a high level, further price increases for important raw materials
such as wood, pulp and caustic soda cannot be excluded. Chairman
Thomas Fahnemann: "From today‘s perspective, a gratifying annual
result, possibly in line with that of record year 2004, can be
expected. This, however, depends on the development of raw material
prices in the fourth quarter."

Key group figures (IFRS) in EUR mill. 1-9/ 2006 1-9/ 2005
Sales 814.1 697.6
EBITDA 127.1 115.5
EBIT 80.1 68.8
EBT 72.2 67.4
Net income 52.3 50.8
Gross cash flow 119.0 98.3
Investments 60.5 47.9
30/09/06 31/12/05
Equity 480.7 455.5
Staff 4,907 4,860

end of announcement euro adhoc 27.11.2006 07:17:37
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ots Originaltext: Lenzing AG
Im Internet recherchierbar: http://www.presseportal.de

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: 852927
Index: WBI
Börsen: Börse Berlin-Bremen / free trade
Wiener Börse AG / official dealing


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