Ad-hoc | 19 December 2022 16:42

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

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
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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:

Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria

Phone +43 7672 701 2743
E-mail media@lenzing.com
Web www.lenzing.com
Investor Relations:

Sébastien Knus
Vice President Capital Markets
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria

Phone +43 7672 701 3599
E-mail s.knus@lenzing.com
Web www.lenzing.com

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

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

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