News
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PRESS RELEASE
Lenzing presents innovative concept combining sustainable glacier protection and circularity for textiles
Lenzing presents innovative concept combining sustainable glacier protection and circularity for textiles. The presentation, titled 'Glacial Threads: From Forests to Future Textiles', took place at the International Day of Forests celebrations in Geneva -
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PRESS RELEASE
Negative market environment strongly impacts 2023 earnings – implementation of performance program exceeds plan
Lenzing AG reports negative impact on 2023 earnings due to market environment but exceeds targets with performance program. Revenue at EUR 2.52 bn with EBITDA at EUR 303.3 mn -
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PRESS RELEASE
Lenzing AG: Impairment requirements (EBIT) for the financial year 2023; confirmation and specification of earnings forecast (EBITDA)
Lenzing AG announces non-cash impairment losses of up to EUR 480 million, affecting the 2023 financial year EBIT. The company confirms and specifies the earnings forecast for the year, expecting an EBITDA of around EUR 300 million. The revaluation of assets does not change the strategic orientation of the Lenzing Group. The 2023 annual results will be presented on March 15, 2024.
