Lenzing AG news and archive

Lenzing's Q1 revenues improve by 5.7 percent

The Lenzing Group’s revenue rose by 5.7 percent to 658.4 million euros in the first quarter of 2024 driven by higher fibre sales volumes. The company said in a release that EBITDA for the quarter more than doubled to 71.4 million euros, while EBIT was slightly positive at 1.5 million euros compared with minus 41.4 million euros in the first...

People

Lenzing appoints Walter Bickel as chief transformation officer

Lenzing has appointed Dr. Walter Bickel as a member of the managing board and chief transformation officer with effect from April 15, 2024 until December 31, 2025. The company said in a statement that Bickel will be responsible for the further development and implementation of the performance program. Lenzing’s performance program initiated in...

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...

Business

Lenzing appoints Stephan Sielaff as CEO, Cord Prinzhorn returns as chairman

Lenzing AG has appointed Stephan Sielaff, the former CTO/COO of the company, as the new CEO effective April 01, 2022. He succeeds Cord Prinzhorn, who took over as interim CEO in the fourth quarter of 2021. The company said in a release that Lenzing AG chairman Peter Edelmann will leave the supervisory board effective April 26, 2022 and Cord...