lenzing.com

Consolidated Income Statement

for the period from January 1 to December 31, 2021

 
EUR '000

 

Note

2021

2020

Revenue

(5)

2,194,624

1,632,607

Cost of sales

(6)

(1,692,760)

(1,386,412)1

Gross profit

 

501,864

246,195

 

 

 

 

Other operating income

(7)

78,026

59,145

Selling expenses

(6)

(233,981)

(156,932)

Administrative expenses

(6)

(117,547)

(88,236)1

Research and development expenses

(6)

(23,993)

(16,181)

Other operating expenses

(8)

(3,753)

(10,133)

Earnings before interest and tax (EBIT)2

 

200,615

33,8581

 

 

 

 

Income from investments accounted for using the equity method

(13)

(3,541)

5,674

Income from non-current and current financial assets

(14)

7,881

(5,402)

Financing costs

(15)

(22,029)

(11,878)1

Financial result

 

(17,689)

(11,607)

 

 

 

 

Earnings before tax (EBT)2

 

182,926

22,251

 

 

 

 

Income tax expense

(16)

(55,212)

(32,846)

Net profit/loss for the year

 

127,714

(10,595)

 

 

 

 

Attributable to:

 

 

 

Shareholders of Lenzing AG

 

110,346

6,277

Non-controlling interests

 

(11,382)

(18,762)

Share planned for hybrid capital owners

(17)

28,750

1,890

 

 

 

 

Earnings per share

 

EUR

EUR

Diluted = basic

(17)

4.16

0.24

1)

Reclassification of capitalized borrowing costs, net interest from defined benefit plans and commitment fees from EBIT/EBITDA to the financial result (see note 2).

2)

EBIT: Operating result, resp. earnings before interest and tax.
EBT: Earnings before tax.

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