Weathering the storm at Lenzing Demand for wood-based specialty fibres had a positive impact but could not compensate for overall losses 11th March 2021 Cellulosic fibres leader Lenzing Group implemented a broad package of measures in response to the extremely difficult market environment created by Covid-19 in 2020. These ensured service to customers was uninterrupted, despite pressure on both fibre prices and volumes, but the Austrian-headquartered company’s 2020 sales fell to €1.63 billion from €2.1 billion in 2019 and it posted a net loss of –€10.6 million, compared to profit of €114.9 million in 2019. We are consistently pursuing the major goal of making a zero-carbon future come true