2023-09-14 20:06:34
EQS-Ad-hoc: Lenzing AG / Key word(s): Profit Warning
Lenzing AG: Lenzing with new outlook for 2023
14-Sep-2023 / 20:05 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 continued weak development of the markets relevant to
Lenzing, coupled with very cautious market expectations in 2023, requires
a reassessment of Lenzing AG’s macroeconomic environment.
Taking into account the current lack of market recovery, the previous
earnings forecast is not expected to be achieved. The Lenzing Group is
therefore adjusting its forecast for earnings development and is assuming
EBITDA in a range of EUR 270 mn to EUR 330 mn for the 2023 financial year.
With the aim of increasing profitability and cash flow generation, Lenzing
is launching a holistic value creation program.
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.cozy@lenzing.com
Web [2] www.lenzing.com Web [4] www.lenzing.com
End of Inside Information
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14-Sep-2023 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: 1726765
End of Announcement EQS News Service
1726765 14-Sep-2023 CET/CEST
References
1694722504
#EQSAdhoc #Lenzing #Lenzing #outlook
