solid half year results
Sales declined by 6.4 % to € 1.08 billion. This decrease is primarily attributable to less favorable currency exchange rates. EBIT declined by 37 % to € 128.7 million, leading to a lower EBIT margin of 12 % (H1/2017: 17.8 %).
Investments rose by 60.8 % year-on-year to € 117 million in the 1st half of 2018. This is primarily attributable to the capacity expansions in Heiligenkreuz/Austria and Mobile, AL/USA and the expansion of the existing dissolving wood pulp plant in Lenzing. The company is pressing ahead with these projects as well as with planning work on the construction of the next state-of-the-art lyocell production facility in Prachinburi/Thailand.