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Lenzing reports revenue growth and profitability in H1 2025

Austrian fibre producer Lenzing AG achieved revenue growth in the first half of the 2025 financial year. Thanks to successful reforms, the company has returned to profitability. Recently, however, Lenzing AG has felt the effects of the increasingly difficult economic climate. "In the second quarter, however, international customs measures and...

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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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Lenzing appoints head of corporate communications & public affairs

Lenzing has announced that Dominic Köfner has taken over as head of corporate communications & public affairs at the beginning of May. As vice president, the company said, he will report directly to the chief executive officer, Dr. Stefan Doboczky. “We are delighted to welcome Köfner to Lenzing. He brings exactly the international experience we...

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Lenzing invests 200 million euros in Asia for group-wide climate neutrality

Austrian fiber producer Lenzing Group is planning to invest more than 200 million euros (around 240 million US dollars / 170 million pound Sterling) in its production sites in Purwakarta (Indonesia) and Nanjing (China) to convert existing standard viscose capacity into environmentally responsible specialty fibers. In Nanjing, Lenzing will...

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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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Denim innovations: How brands are cleaning up the industry

The denim industry, as a part of the wider textile industry, which is one of the most polluting industries in the world, has come a long way since Levi Strauss developed its first pair of blue jeans for gold miners in the San Francisco area in 1873. Note that the first Levi’s blue jeans were reserved for men. Women had to wait until the next...

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Lenzing revenues decline by 22.4 percent

Revenues at Lenzing declined by 22.4 percent to 1.63 billion euros in 2020. The company said, earnings development essentially reflects the decline in revenue, but was supported by measures for structural earnings improvements in all regions. EBITDA fell by 39.9 percent to 196.6 million euros and the EBITDA margin decreased from 15.5 percent to...

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Lenzing Q3 revenues drop, reports loss

The increase in demand towards the end of the third quarter, primarily for wood-based specialty fibers such as Tencel Modal and Lenzing Ecovero, Lenzing said, had a positive impact on the revenue and earnings development, but was still below the level of the previous year. As a result, revenue declined by 26.1 percent to 1.19 billion euros in...

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Lenzing H1 revenues decline by 25.6 percent

In the first half of 2020, the Lenzing Group said that it faced a historically difficult market environment with increased pressure on prices and volumes resulting from the Covid-19 crisis. The company said in a statement that immediate effects of the Covid-19 crisis further increased price pressure on textile fibers across the entire product...

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Lenzing elects Melody Harris-Jensbach to its supervisory board

At its annual general meeting (AGM) held yesterday, Lenzing AG decided not to distribute a dividend for the 2019 financial year compared to 5 euros per share in the previous year. Additionally, the company said in a statement that Felix Fremerey has retired from the supervisory board at his own request and the annual general meeting elected...

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Lenzing and Palmers join forces to tackle shortage of high-quality face masks

Austrian cellulose fibre producer Lenzing Group reacted quickly to the need of the hour and founded a new company, Hygiene Austria LP GmbH, together with Vienna-based Palmers Textil AG two weeks ago, which, in times of Covid-19, will concentrate entirely on the production of mouth-nose protective masks for the Austrian and European market. Now...

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Lenzing Q1 EBIDTA declines 24.3 percent

Lenzing revenues in the first quarter of 2020 declined by 16.7 percent in comparison with the prior-year quarter and amounted to 466.3 million euros (504.6 million dollars). The company said in a statement that the main reason was the development of prices for standard viscose and other standard fibers and the impact of the Covid-19 crisis...