Lenzing news and archive

Lenzing swings to H1 loss, but upbeat on signs of recovery

Austrian fibre production company Lenzing swung to a loss in the first half of the year but was upbeat as it saw signs of improvement throughout the period. The maker of Tencel lyocell fibers reported a net loss of 65.8 million euros compared to a net profit of 72.3 million euros a year earlier, while its EBITDA narrowed to 136.5 million euros...

Business

Lenzing announces strategic partnership with Karl Mayer Group

Lenzing Group, a leading global producer of wood-based speciality fibres, is teaming up with Karl Mayer Group, who manufacture textile machinery to facilitate the adoption of more botanic, biodegradable and fossil-fuel-free materials during textile production in both warp knitting and flat knitting machines. In a statement, Lenzing said that the...

Business

Lenzing revenues up in Q1, foresees signs of recovery

Revenues at Lenzing increased by 1.3 percent in the first quarter compared to the prior-year quarter to 623.1 million euros. The company said in a statement that the growth was primarily due to higher pulp revenues, while fibre revenues were down. As a consequence, EBITDA decreased by 66.2 percent to 29.7 million euros in the first quarter of...

Business

Lenzing introduces new fibre recycling initiative

Austrian fibre manufacturer Lenzing, together with its partners Artistic Milliners from Pakistan, Canatiba from Brazil and Textil Santanderina from Spain, has started the first phase of a new Tencel fiber recycling initiative. Aiming to drive the circular economy in the global textile industry, the new initiative begins with the production of...

Business

Lenzing reports loss in fiscal year 2022

In the year under review, Lenzing revenue increased by 16.9 percent to 2.57 billion euros, primarily as a result of higher fibre prices, while EBITDA decreased by 33.3 percent to 241.9 million euros in 2022. The net result for the year was minus 37.2 million euros compared with 127.7 million euros in the 2021 financial year, while earnings per...

Business

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...

Fashion

Lenzing and NFW collaborate on sustainable leather alternative

Austrian fibre producer Lenzing Group has teamed up with US-based material science company Natural Fiber Welding Inc. (NFW) to offer Tencel-branded fibres as another backer option to the current all-natural fabric backing for NFW’s patented plant-based technology Mirum. The Mirum x Tencel collaboration is currently being showcased for the first...

BusinessFeatured

Filippa K to debut “game-changing” new recycled and renewable material

Swedish fashion brand Filippa K is to debut what it is calling a “game-changing” recycled material in its spring/summer 2024 collection developed in collaboration with Södra, Lenzing and Riopele. In a statement, Filippa K said that the innovative material is made from a combination of textile waste and wood cellulose, utilising OnceMore...

Business |Interview Featured

How could fibre recycling become mainstream? In conversation with Lenzing’s veteran Michael Kininmonth

Fibre recycling technologies don’t grow overnight, but the fashion industry needs them as soon as possible to meet the ambitious climate goals of 2030. For the Lenzing Group, one of the oldest companies in regenerated cellulose fibres, ‘Refibra’ is the focal recycling innovation. The fibre blend consists of cellulose pulp made from wood and...

Business

Lenzing Group signs deal to finance solar panel plant

The Lenzing Group, a provider in wood-based fibres, has announced that it has signed onto an electricity supply contract with green power producer Enery and Energie Steiermark which will see it finance the development of a solar panel plant. With construction set to commence this autumn in Austria’s Deutschlandsberg region, the plant will supply...

BusinessFeatured

Lenzing H1 revenues grow but earnings decline

The Lenzing Group’s revenue grew by 25.2 percent year-on-year to 1.29 billion euros in the first half of 2022, primarily due to higher fibre prices. EBITDA decreased by 13.3 percent to 188.9 million euros and the EBITDA margin reduced from 21.1 to 14.6 percent in the first half of the year. Commenting on the outlook, Stephan Sielaff, Lenzing...

Business

Lenzing reports 25.7 percent sales growth in Q1

Lenzing Group revenue grew by 25.7 percent to reach 615 million euros in the first quarter of 2022, due to continued high demand for wood-based biodegradable specialty fibres and higher fibre prices. First quarter EBITDA decreased by 7 percent to 88 million euros and the EBITDA margin reduced from 19.3 to 14.3 percent. Net profit for the quarter...