Apparel Market Recovery and Financial Overview
Quarterly P&L development
MEUR
Q1 2023
Q1 2022
Delta Q1 YoY
Delta Q1 %
YOY
Revenues
Cost of Sales
% of Revenue
Gross Profit
623,1
615,0
8,1
1,3%
-562,0
-486,1
-75,9
15,6%
-90,2%
-79,0%
61,1
128,9
-67,8
-52,6%
% of Revenue
9,8%
21,0%
Selling Expenses
-65,8
-65,0
-0,8
1,3%
% of Revenue
-10,6%
-10,6%
Administrative Expenses
-34,4
-35,0
0,6
-1,7%
% of Revenue
-5,5%
-5,7%
R&D Expenses
-4,1
-7,8
3,7
-47,3%
% of Revenue
-0,7%
-1,3%
Other Operating Income
10,1
25,3
-15,2
-60,0%
Other Operating Expenses
-8,4
-2,9
-5,4
> +100,0%
EBIT
-41,4
43,6
-85,0
<-100,0%
% of Revenue
-6,6%
7,1%
Depreciation & Amortization
71,1
44,4
26,8
EBITDA
29,7
88,0
-58,2
60,4%
-66,2%
% of Revenue
4,8%
14,3%
Financial Result
-32,9
-2,1
-30,7
> +100,0%
Income Taxes
9,3
-7,4
16,7
< -100,0%
Net Income / Loss
-64,9
34,1
-99,1
<-100,0%
Attributable to:
Shareholders of Lenzing AG
-80,5
23,0
-103,5
< -100,0%
Share planned for hybrid capital owners
7,2
7,2
0,0
0,0%
Non-controlling interests
8,4
3,9
4,5
> +100,0%
www.lenzing.com
3 May 2023 28
Lenzing
Innovative by natureView entire presentation