News
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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. -
PRESS RELEASE
EQS-Adhoc: Lenzing AG: Impairment requirements (EBIT) for the financial year 2023; confirmation and specification of earnings forecast (EBITDA)
Lenzing AG has reported a projected asset impairment of up to EUR 480 million for the 2023 financial year due to continued uncertainties in the economic environment, increased raw material and energy costs, and a higher interest rate environment. The impairment losses will affect the EBIT for the 2023 financial year, but not the full-year EBITDA forecast of EUR 270 – 330 million, with an expected EBITDA of around EUR 300 million. For more information, contact Dominic Köfner, Vice President Corporate Communications & Public Affairs, or Sébastien Knus, Vice President Capital Markets. -
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