Lenzing AG

EANS-Adhoc: Lenzing AG
Lenzing: 2008 dividend EUR 14.00 per share

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.


Lenzing: 2008 dividend EUR 14.00 per share

Preliminary figures 2008 confirmed

The management board of the Lenzing AG will propose the payment of a dividend of EUR 14.00 per share (2007: EUR 14.00) for business year 2008 to the next general shareholders' meeting. Lenzing's chairman of the management board, Peter Untersperger, reasons: "On one hand this dividend proposal for business year 2008 reflects the second-best result in the history of our company and stands for continuity in dividend payment; on the other hand it points to the economic environment of 2009 which has become significantly more difficult in the recent months."

Lenzing confirms the preliminary figures published on 5 March 2009 as final. Consolidated sales rose by 5.4% to EUR 1.33 bill. (2007: EUR 1.26 bill.). EBITDA declined by 12.4% to EUR 200.8 mill. (2007: EUR 229.3 mill.) and EBIT by 19.7% to EUR 130.3 mill. (2007: EUR 162.3 mill.). The net income attributable to shareholders of Lenzing AG fell by 29.1% to EUR 77.7 mill. (2007: EUR 109.6 mill.).

The general shareholders' meeting will be held on 23 April 2009 at Lenzing. The results of the first quarter will be published on 8 May 2009.

Consolidated key figures
(IFRS)in (EUR mill.)                    2008              2007
Sales                                 1,329.1          1,260.5
EBITDA                                  200.8            229.3
EBIT                                    130.3            162.3
Net income attributable to
shareholders of Lenzing AG               77.7            109.6
EBITDA margin in %                       15.1             18.2
EBIT margin in %                          9.8             12.9
Equity ratio* in %                       42.7             44.8
Staff                                 5,945            6,043
Capital expenditure (intangible
assets, property, plant and equipment and
financial assets)                       165.9            266.8
Operating cash flow                      50.4            223.8 

*Equity incl. government grants less prop. deferred taxes.

end of announcement                               euro adhoc

Further inquiry note:

Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301

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

Original content of: Lenzing AG, transmitted by news aktuell

Additional press releases: Lenzing AG

You might also be interested in: