euro adhoc: Lenzing AG / quarterly or semiannual financial statement / Lenzing: successful business development continues into first quarter

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3-month report

09.05.2008

Positive economic environment for the fiber industry - strong Asian
demand for Lenzing fibers - continuing expansion by acquisitions in
segment Plastics

The very good business development of the Lenzing Group in 2007
continued into the first quarter of 2008, although there were first
signs of weakening demand over the next quarters in segment Fibers.
Consolidated sales rose by 23.3% from EUR 281.3 mill. to EUR 346.8
mill. as a result of increased volume production, higher fiber prices
and the inclusion of the companies acquired by segment Plastics in
2007.

First quarter EBIT grew by 27.6% to EUR 42.1 mill. (2007: EUR 33.0
mill.), EBT improved from EUR 30.8 mill. to EUR 38.5 mill. Period net
income increased by 24.3% to EUR 28.6 mill. (2007: EUR 23.0 mill.).
Quarterly earnings per share came to EUR 7.22 (2007: EUR 5.78).

Thomas Fahnemann, chairman of the management board, comments: "The
first quarter was characterized by very good Asian demand for fibers.
We therefore managed to keep our margins more or less up to previous
year's levels despite significantly increased raw material prices."

The first quarter EBIT margin was 12.1% (2007: 11.7%), the EBITDA
margin 17.2% (2007: 17.5%). As at 31 March 2008 the Lenzing Group
employed 5,925 people. (31 December 2007: 6,043). The decrease
reflects the sale of segment Paper.

Segment Fibers: strong demand continues

The strong demand for fibers continued into the first quarter. The
textile as well as the nonwovens industry benefited from good demand
in Europe and in the emerging markets. The high level of capacity
utilization in the nonwovens industry in Europe and in the USA was
unchanged.

The business development of segment Plastics was satisfactory.
Seasonal weakening of demand for construction materials is to be seen
alongside the good development of MOPP films and filaments. Segment
Engineering continued to enjoy strong order bookings.

Outlook

The Lenzing Group expects the fiber boom of the past years to come to
an end in the course of the business year. The textile pipeline is
beginning to fill up, and the stock levels of the textile chain are
rising. This has already led to a definite weakening of prices for
standard fibers in Europe and Asia in the first weeks of the second
quarter. Moreover, new Asian fiber production capacity will begin to
supply the market in the course of the current business year and lead
to excess cellulose fiber capacity. The weak US dollar is another
burden. The pulp supply situation, however, is expected to ease up,
as new production capacity will contribute to the market.

In core business fibers Lenzing will counter these emerging
difficulties with a high-quality product portfolio with less
susceptibility to cyclical fluctuations. The development of Plastics
and Engineering in the current business year is expected to be fairly
stable.

Consolidated company key figures (IFRS)
(EUR mill.) 1-3/ 2008 1-3/
2007
Sales 346.8 281.3
EBITDA 59.6 49.2
EBIT 42.1 33.0
Net income of the period 28.6 23.0
EBITDA margin in % 17.2 17.5
EBIT margin in % 12.1 11.7
Capital expenditure (intangibles, property, plant and equipment) 28.3 34.7
Operating cash flow 13.7 53.0
Equity ratio** in % 45.5* 44.8*
Staff 5,925*
6,043*

* reporting dates 31/3/2008 and 31/12/2007 ** Equity including
government grants less proportionate deferred taxes

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

Further inquiry note:

Lenzing AG

Mag. Angelika Guldt

Mobil: +43 (0)664 611 22 66

Fax: +43 (0) 07672-96301

mailto:a.guldt@lenzing.com

Branche: Chemicals
ISIN: AT0000644505
WKN: 852927
Index: WBI
Börsen: Börse Berlin / free trade
Wiener Börse AG / official dealing