Selected Indicators of the Lenzing Group1
The Lenzing Group stands for the ecologically responsible production of specialty fibers made from wood as a renewable raw material. As an innovation leader, Lenzing is a partner to global textile and nonwoven manufacturers and drives many new technological developments. The Lenzing Group’s high-quality fibers form the basis for a variety of textile applications ranging from elegant clothing to versatile denims and high-performance sports clothing. Thanks to their consistently high quality, biodegradability and compostability, Lenzing fibers are also highly suitable for hygiene products and agricultural applications.
The Lenzing Group’s business model extends far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, adding value for consumers. The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to help redirect the textile and nonwoven sector towards a closed loop economy. In order to slow the rate of global warming and accomplish the targets of the Paris Climate Agreement and the EU Commission’s Green Deal, Lenzing has a clear vision: to realize a zero carbon future.
1 Since the beginning of the 2021 financial year, the Lenzing Group has reported its consolidated income statement by applying the cost of sales method. The previous presentation was according to the nature of expense method. The complete consolidated income statement is presented in the consolidated financial statements.