EQS-News: Negative market environment strongly impacts 2023 earnings – implementation of performance program exceeds plan
The largely absent recovery in the textile and clothing industry had a negative impact across the entire sector.
- The largely absent recovery in the textile and clothing industry had a negative impact across the entire sector.
- Prices for wood-based specialty fibers were also down slightly due to weaker demand, particularly from brands and retailers, as well as additional market capacity.
- Earnings before interest, tax, depreciation and amortization (EBITDA) rose by 25.4 percent year-on-year to reach EUR 303.3 mn in the reporting year.
- Earnings after tax amounted to minus EUR 593 mn (compared with minus EUR 37.2 mn in 2022) and earnings per share to minus EUR 20.02 (compared with minus EUR 2.75 in 2022).