Lenzing AG

EANS-Adhoc: Lenzing AG
Unchanged dividend payment of EUR 14.00 per share for 2009 - Preliminary figures 2009 confirmed - New management board member appointed

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Company Information

26.03.2010

The Lenzing Group confirms the preliminary figures of the annual report 2009 published on 4 March 2010: Consolidated sales in 2009 declined to EUR 1.25 bill. (2008: EUR 1.33 bill.), mainly as a result of weaker fiber prices. Consolidated EBITDA at EUR 182.0 mill. (2008: EUR 200.8 mill.) fell by 9.3 %. EBIT declined by 22.7 % to EUR 100.7 mill. (2008: EUR 130.3 mill.). The Lenzing Group therefore achieved an altogether satisfactory result in the face of the difficult situation of the global economy.

Dividend proposal of EUR 14.00 per share The Lenzing management board will propose the payment of a dividend of EUR 14.00 (2008: EUR 14.00) for business year 2009 to the regular shareholders' meeting. It will take place at Voecklabruck, Austria on 30 April 2010. The results of the first quarter 2010 will be published on 11 May 2010.

New management board member appointed At today's meeting of the supervisory board of Lenzing AG Thomas G. Winkler was appointed to the management board for a period of three years starting from 1 April 2010. He will be responsible for finance (CFO). Thomas G. Winkler is a financial expert with 12 years of international experience, in particular six years as chief financial officer of T-Mobile's global operations.

As of 1 April 2010 the management board will therefore consist of Peter Untersperger (chairman), Friedrich Weninger (member) and Thomas G. Winkler (member).

end of announcement                               euro adhoc
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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: Berlin / free trade
Wien / official dealing
Original-Content von: Lenzing AG, übermittelt durch news aktuell

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