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Lenzing suspends dividend policy for FY23

Lenzing AG expects EBITDA for the 2023 financial year to be in a range of 320 million euros to 420 million euros, assuming a further market recovery in the current financial year. On this basis, the company said in a statement that the company’s managing board of Lenzing AG does not consider the execution of the existing dividend policy of at...

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Fashion Featured

Lenzing launches Tencel e-commerce platform

The Lenzing Group is launching an e-commerce channel dedicated to its flagship textile brand Tencel to showcase the sustainable fibre. The e-shop platform aims to enable consumers to make “informed purchases” on sustainable clothing and home textile products, explained Lenzing, while also becoming an integral element of the “digital first”...

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