EQS-Adhoc: Lenzing AG: Lenzing adjusts earnings forecast due to one-off effects from restructuring, currency effects and further deterioration in market environment

EQS-Ad-hoc: Lenzing AG / Key word(s): Forecast
Lenzing AG: Lenzing adjusts earnings forecast due to one-off effects from
restructuring, currency effects and further deterioration in market
environment

19-Dec-2022 / 16:42 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.

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Lenzing – The Lenzing Group, the world’s leading supplier of specialty
fibers for the textile and nonwovens industries, is adjusting its earnings
forecast for the 2022 financial year due to one-off effects related to the
accelerated savings program as well as currency effects and a further
deterioration of the market environment. Lenzing expects its earnings
before interest, tax, depreciation and amortization (EBITDA) to be around
EUR 250 mn, which is below market expectations.

 

Your contact for  
Public Relations: Investor Relations:
   
Dominic Köfner Sébastien Knus
Vice President Corporate Communications & Vice President Capital Markets
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
   
Phone   +43 7672 701 2743 Phone     +43 7672 701 3599
E-mail   [1]media@lenzing.com E-mail     [3]s.knus@lenzing.com
Web      [2] www.lenzing.com Web        [4] www.lenzing.com
 

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19-Dec-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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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: 1516855

 
End of Announcement EQS News Service

1516855  19-Dec-2022 CET/CEST

References

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1. media@lenzing.com
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3. s.knus@lenzing.com
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