Q1 2019 Lenzing AG Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I'm Steward, your Chorus Call operator. Welcome, and thank you for joining the Lenzing Group Investor Conference Call. (Operator Instructions)
Your hosts for today are Stefan Doboczky and Thomas Obendrauf. I would now like to turn the conference over to Stefan Doboczky, CEO of Lenzing. Please go ahead.
Thank you very much, operator. Good morning, good afternoon, to all of you on the call. Thanks for joining the Q1 investor call of Lenzing AG.
Quarter 1, difficult market environment on viscose, very difficult, but overall we feel a very good start into the year. Revenue was up by 1.8% at EUR 560 million, and the major contributors were, on the one hand, our specialty business continues to do very well given the low viscose prices and I think the very strong performance of specialties, the specialty ratio increased to 47.3% compared to a year before, some 5% less. FX held but also on the volume side, we were
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