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Lenzing AG
ISIN: AT0000644505
WKN: 852927
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Lenzing AG · ISIN: AT0000644505 · EQS - adhoc news (118 News)
Country: Austria · Primary market: Austria · EQS NID: 1726765
14 September 2023 08:05PM

Lenzing with new outlook for 2023


EQS-Ad-hoc: Lenzing AG / Key word(s): Profit Warning
Lenzing AG: Lenzing with new outlook for 2023

14-Sep-2023 / 20:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Lenzing – The continued weak development of the markets relevant to Lenzing, coupled with very cautious market expectations in 2023, requires a reassessment of Lenzing AG’s macroeconomic environment.

Taking into account the current lack of market recovery, the previous earnings forecast is not expected to be achieved. The Lenzing Group is therefore adjusting its forecast for earnings development and is assuming EBITDA in a range of EUR 270 mn to EUR 330 mn for the 2023 financial year.

With the aim of increasing profitability and cash flow generation, Lenzing is launching a holistic value creation program.

 

Your contact for
Public Relations:
 
Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
 
Phone   +43 7672 701 2743
E-mail   media@lenzing.com
Web      www.lenzing.com
 
 
Investor Relations:
 
Sébastien Knus
Vice President Capital Markets
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
 
Phone     +43 7672 701 3599
E-mail     s.knus@lenzing.com
Web        www.lenzing.com

 



End of Inside Information

14-Sep-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com


Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1726765

 
End of Announcement EQS News Service

1726765  14-Sep-2023 CET/CEST

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EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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