New guidance for FY 2020 as Covid-19 impacts sales
EBITDA fell by 46.6% to €96.7 million in H1/2020. The EBITDA margin decreased from 16.6% to 11.9%. Net profit for the period amounted to €1.5 million (H1/2019: €78.8 million).
The 76th Annual General Meeting of Lenzing AG resolved on June 18, 2020, not to distribute a dividend for the 2019 financial year.