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Lenzing AG
Earnings Release • Dec 19, 2022
748_iss_2022-12-19_41e6000d-f718-4f6c-b4f8-1ebda438b458.pdf
Earnings Release
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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 - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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 Vice President Corporate Communications & Public Affairs Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 2743 E-mail [email protected] Web www.lenzing.com Sébastien Knus Vice President Capital Markets Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 3599 E-mail [email protected] Web www.lenzing.com
19-Dec-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: Company: |
English Lenzing AG 4860 Lenzing Austria |
|---|---|
| Phone: | +43 7672-701-0 |
| Fax: | +43 7672-96301 |
| E-mail: | [email protected] |
| Internet: | www.lenzing.com |
| ISIN: | AT0000644505 |
| Indices: | ATX |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1516855 |
End of Announcement EQS News Service