growing within the textile value chain. However, the currently positive 
environment is still characterized by a high level of uncertainty due to the 
COVID-19 pandemic. Therefore, the earnings visibility remains limited. Taking 
into account the above factors, the Lenzing Group expects the operating result 
to develop at a similar level in 2021 as in the pre-crisis year 2019. 
 
Lenzing considers itself well-positioned in view of these developments and based 
on its sCore TEN corporate strategy, and will in particular continue the 
disciplined implementation of the strategic investment projects, which will make 
a significant contribution to earnings from 2022. 
 
 
Selected indicators of the 
Lenzing Group                                    2020                       2019 
EUR mn 
Revenue                                       1,632.6                    2,105.2 
EBITDA (Earnings before 
interest, tax,                                  196.6                      326.9 
depreciation and 
amortization) 
EBITDA margin                                  12.0 %                     15.5 % 
Net profit/loss for the                        (10.6)                      114.9 
year 
Earnings per share in EUR                        0.24                       4.63 
CAPEX(1)                                        668.8                      244.0 
Free cash flow                                (614.8)                        0.8 
 
 
 
                                          31.12.2020                  31.12.2019 
Net financial debt                             471.4                       400.6 
Adjusted equity ratio(2)                      45.8 %                      50.0 % 
Number of employees                            7,358                       7,036 
 
 
1) Capital expenditures: expenditures for intangible assets and property, plant 
and equipment and biological assets as per statement of cash flow 
2) Ratio of adjusted equity to total assets in percent 
 
 
Photo download [https://mediadb.lenzing.com/pinaccess/ 
showpin.do?pinCode=IzOT4dExai68] 
PIN: IzOT4dExai68 
 
 
 
Further inquiry note: 
Filip Miermans 
Vice President Corporate Communications & Public Affairs 
Lenzing AG 
Phone: +43 664 8477802 
E-mail: f.miermans@lenzing.com 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

March 11, 2021 01:30 ET (06:30 GMT)