EQS-Adhoc: Lenzing AG: Lenzing AG is suspending its dividend policy until further notice

EQS-Adhoc: Lenzing AG: Lenzing AG is suspending its dividend policy until further notice

EQS-Ad-hoc: Lenzing AG / Key word(s): Dividend
Lenzing AG: Lenzing AG is suspending its dividend policy until further

11-Apr-2024 / 15:45 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.


Lenzing AG is suspending its dividend policy until further notice

Lenzing – The Managing Board of Lenzing AG decided today to suspend the
existing dividend policy of at least EUR 4.50 per share for an unlimited
period of time.

Lenzing AG continues to expect higher EBITDA for the 2024 financial year
compared to the previous year.


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


About the Lenzing Group
The Lenzing Group stands for eco-responsible production of specialty
fibers based on cellulose and recycled material. As an innovation leader,
Lenzing is a partner of global textile and nonwoven manufacturers and
drives many new technological developments. The Lenzing Group’s
high-quality fibers form the basis for a variety of textile applications
ranging from functional, comfortable and fashionable clothing to durable
and sustainable home textiles. Due to their special properties and their
botanical origin, the TÜV certified biodegradable and compostable Lenzing
fibers are also highly suitable for everyday hygiene products.
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help transform the textile industry from the current linear economic
system towards a circular economy. In order to reduce the speed of global
warming and thus also support the targets of the Paris Agreement and the
EU Commission’s “Green Deal”, Lenzing has developed a clear science-based
climate action plan that aims to significantly reduce greenhouse gas
emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.
Key Facts & Figures Lenzing Group 2023
Revenue: EUR 2.52 bn
Nominal capacity: 1,110,000 tonnes
Employees (FTE): 7,917
of Lenzing AG.


End of Inside Information


11-Apr-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com


Language: English
Company: Lenzing AG
4860 Lenzing
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: 1878809

End of Announcement EQS News Service

1878809  11-Apr-2024 CET/CEST


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