Q1 2020 Lenzing AG Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I am Emma, your Chorus Call operator. Welcome and thank you for joining Lenzing Group's Q1 Investor and Analyst Call. (Operator Instructions)
Your host 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.
Good morning, ladies and gentlemen. Welcome to the Q1 results call for investors and analysts. Q1 2020 has been dominated by one subject, and it was COVID-19 and in a historically difficult market environment, Lenzing accomplished a solid set of numbers with revenues, EUR 466 million; EBITDA, close to EUR 70 million; and net result of EUR 17.7 million. The delta to the same period of last year was, in essence, driven by one thing, and this is on the market environment around viscose, both on the demand side, but particularly on the price side.
Now Q1 2020, dominated by COVID-19, it started to affect us as a company and
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