EQS-Adhoc: Lenzing AG: Lenzing AG advances strategic transformation
EQS-Adhoc: Lenzing AG: Lenzing AG advances strategic transformation
EQS-Ad-hoc: Lenzing AG / Key word(s): Strategic Company Decision
Lenzing AG: Lenzing AG advances strategic transformation
27-Jul-2026 / 19:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by [1]EQS News – a service of
[2]EQS Group.
The issuer is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH SUCH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE
IMPORTANT INFORMATION AT THE END OF THIS COMMUNICATION.
Lenzing AG advances strategic transformation with focus on nonwoven
applications and repositioning of its textiles business; planned phase-out
of selected sites; expected non-cash impairment losses of up to EUR 150 mn
in 2026; targeting EBITDA margin between 20-25% and leverage below 2.5x
in the mid-term; comprehensive refinancing package including a fully
underwritten capital increase of up to EUR 300mn, subject to consent of
extraordinary general meeting on or around August 25, 2026 as well as new
financing agreements of up to EUR 300 mn
Lenzing, July 27, 2026 – The Management Board of Lenzing AG (“Lenzing”),
with the consent of Lenzing’s Supervisory Board, today resolved on further
executing its strategic transformation aimed at focusing on nonwoven
applications while reshaping Lenzing’s textiles business. Lenzing intends
to grow its nonwovens business substantially by 2030.
As part of this transformation, Lenzing is consolidating its fiber
production footprint in parallel with the ongoing sale process for the
Indonesian viscose site, PT South Pacific Viscose. In addition, Lenzing
plans to phase out production at its fiber plants in Heiligenkreuz,
Austria, by the end of 2026 and in Grimsby, UK, by the end of 2027.
Production of premium fibers is expected to be transferred to Lenzing’s
core manufacturing sites, ensuring a stable and reliable supply for
customers.
As part of the production footprint consolidation, Lenzing AG expects to
recognize impairment losses of the non-current assets, especially
property, plant and equipment of up to EUR 150 mn in 2026. This non-cash
impairment charge is expected to negatively impact consolidated EBIT and
consolidated net income in 2026, while having no impact on EBITDA in 2026.
In addition, restructuring provisions related to headcount reductions of
up to EUR 40 mn are expected to negatively impact EBITDA in 2026.
The Company’s strategic ambition is to return to revenue growth with an
EBITDA uplift of approximately EUR 150 mn achieving an EBITDA margin of
20-25% and reducing leverage to below 2.5x in the medium term.
Lenzing’s transformation is planned to be accompanied by a comprehensive
refinancing package designed to strengthen its financial structure,
including new financing agreements in an aggregate amount of up to EUR 300
mn and the extension of existing debt’s maturity to 2030. Effectiveness of
the refinancing package is subject to the completion of a capital increase
of EUR 300 mn.
The Management Board, with the consent of the Supervisory Board, today
resolved to convene an extraordinary general meeting on or around August
25, 2026, and to submit a proposal to the shareholders for a capital
increase with a discounted rights offering of up to EUR 300 mn with
pro-rata subscription rights allotted to Lenzing’s existing shareholders.
The syndicate formed by B&C Group and Suzano, which together indirectly
holds approximately 52.25% of Lenzing’s share capital, has, subject to
customary conditions, irrevocably committed to participate in the capital
increase by investing up to EUR 156.7 mn, representing its approximately
52.25% share of the capital increase. Oberbank AG, which holds
approximately 3.86% of Lenzing’s share capital, has likewise, subject to
customary conditions, committed to participate in the capital increase by
investing up to approximately EUR 11.6mn, representing its approximately
3.86% share of the capital increase. A group of international banks have
undertaken, subject to terms and conditions in line with market practice
for similar transactions, to subscribe for any shares not taken up by
Lenzing’s shareholders.
Further details regarding the convocation of the extraordinary general
meeting, the capital increase and the rights offering will be published in
due course.
Important Notice
This communication is not for distribution or release, directly or
indirectly, in or into the United States (including its territories and
possessions, any State of the United States and the District of Columbia),
Australia, Canada, Japan or any other jurisdiction in which such
distribution or release would be unlawful. This communication does not
constitute or form a part of any offer or solicitation to purchase or
subscribe for securities in the United States, Australia, Canada or Japan,
or any other jurisdiction in which such offer or solicitation may be
unlawful. The securities mentioned herein have not been, and will not be,
registered under the US Securities Act of 1933, as amended (the
“Securities Act”). The securities may not be offered or sold in the United
States, absent registration or an exemption from the registration
requirements of the Securities Act. There will be no public offer of the
securities in the United States.
In the United Kingdom, this communication is only being distributed to and
is only directed at persons who are “qualified investors” for the purposes
of the Public Offers and Admissions to Trading Regulations 2024
(“POATRs”), and who are also (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the “Order”), or (ii) persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.), or (iii) persons to whom an invitation
or inducement to engage in an investment activity (within the meaning of
section 21 of the Financial Services and Markets Act 2000) in connection
with the issue or sale of any securities may otherwise be lawfully
communicated or caused to be communicated (all such persons together being
referred to as “Relevant Persons”). This communication is directed only at
Relevant Persons and must not be acted on or relied on by persons who are
not Relevant Persons. Any investment or investment activity to which this
communication relates is available only to Relevant Persons and will be
engaged in only with Relevant Persons. This communication does not
constitute a public offer of securities in the United Kingdom for the
purposes of POATRs. Any offer of securities in the United Kingdom will be
made only in compliance with POATRs and applicable FCA rules.
In any member state of the European Economic Area other than Austria, this
communication is only addressed to and is only directed at “qualified
investors” in that member state within the meaning of Article 2(e) of
Regulation (EU) 2017/1129 (the “Prospectus Regulation”).
This publication constitutes neither an offer to sell nor a solicitation
to buy securities of Lenzing Aktiengesellschaft in any jurisdiction.
Your contact for
Media Relations: Investor Relations:
Corporate Communications Alexander Schwaiger
PR & Media Team VP Corp. Treasury & Investor Relations
Phone +43 664 6112534 Phone +43 7672 701 8947
E-mail [3]media@lenzing.com E-mail [5]a.schwaiger@lenzing.com
Web [4] www.lenzing.com Web [6] www.lenzing.com
End of Inside Information
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27-Jul-2026 CET/CEST News transmitted by [7]EQS Group
View original content: [8]EQS News
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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)
LEI Code: 529900BKFJBI0QRDJH63
EQS News ID: 2372278
End of Announcement EQS News Service
2372278 27-Jul-2026 CET/CEST
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References
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3. media@lenzing.com
4. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=2372278&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
5. a.schwaiger@lenzing.com
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