Q3 2019 Lenzing AG Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I am Haley, your Chorus Call operator. Welcome, and thank you for joining the Lenzing Group Analyst Conference Call. (Operator Instructions) You hosts today are Stefan Doboczky and Thomas Obendrauf. I would now like to turn the conference over to Stefan Doboczky, CEO of Lenzing.
Thank you very much, operator. Good morning, good afternoon. Thank you for joining the conference call of Lenzing focusing on the third quarter results.
Lenzing delivered another quarter of solid results. However, this time, in a very difficult market environment. Group revenue almost stable at EUR 1.617 billion compared to around the same level the year before. EBITDA, slightly down at EUR 267 million compared to EUR 291 million for the same period of last year.
What we are very positive about is the ongoing development of our specialty business. We have now reached a specialty ratio after 3 quarters of close to 50%. You remember, our
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