Market: Vienna
Symbol: LNZ
ISIN: AT0000644505
Industry: Chemicals
The Lenzing Group

The Lenzing Group, founded and headquartered in Austria stands since many years for an ecologically responsible production of specialty fibers made from the renewable raw material wood. In fact, Lenzing is the only global producer that has the technological capability to produce all 3 generations of wood-based cellulose fibers (WBCF), e.g. viscose, modal and lyocell on an industrial scale. This unique ability enabled Lenzing to establish itself as a global market, technology and sustainability leader, operating unique bio-refineries that contribute positively to a circular economy and climate change through innovative, closed loop production processes with advanced recycling and recovery rates.

As an innovation leader, Lenzing is a trusted partner of global textile and nonwoven manufacturers driving the development of existing and new technologies. Its branded (i.e. TENCEL™, VEOCEL™) high-quality, sustainable fibers are used in a wide array of textile applications ranging from ladies clothing over versatile denims to high-performance sportswear and home textiles, among others. Its eco-friendly fibers are also well suited for hygiene products as well as agricultural and industrial applications, owing to their superior properties and biodegradability. As part of its wood bio-refinery concept, Lenzing also markets the by-products of integrated cellulose and fiber production, which include acetic acid, furfural, magnesium lignin sulfonate, sodium sulfate and soda.

Lenzing is listed on the Vienna Stock Exchange (AT0000644505) and generated in 2023 with ~8,000 employees revenues of EUR 2.5 bn.

The Lenzing share
Share Data
LNZ
29/04/2025
Currency EUR
Previous Close 28.10
Change (%) 0.72
Market Cap (EUR) 1.09 bn
Volume 19,247
Market Vienna
Number of shares 38,618,180
List Prime Market
Key Figures
Income statement IFRS
EUR mn 2023 2022 2021 2020 2019
Revenue 2,521.2 2,565.7 2,194.6 1,632.6 2,105.2
EBITDA 303.3 241.9 362.9 192.3* 329.9*
EBITDA - Margin % 12.0 9.4 16.5 11.8* 15.7*
EBIT (476.4) 16.5 200.6 33.9* 165.3*
EBIT - Margin % (18.9) 0.6 9.1 2.1* 7.9*
EBT (585.6) (10.1) 182.9 22.3 163.8
Statement of financial position IFRS
EUR mn 2023 2022 2021 2020 2019
Total assets 5,214.6 5,525.0 5,322.8 4,163.0 3,121.1
Non-current assets/Total assets % 65.5 69.7 60.2 56.7 57.2
Current assets/Total assets % 34.5 30.3 39.8 43.3 42.8
Adjusted equity 1,809.1 2,088.6 2,115.7 1,907.0 1,559.3
Adjusted equity ratio % 34.7 37.8 39.7 45.8 50.0
Net financial debt 1,562.6 1,799.4** 913.6** 410.5** 364.3**
Net financial debt/EBITDA 5.2 7.4** 2.5** 2.1** 1.1**
Net debt 1,779.5 1,946.6 1,079.3 575.0 511.4
Net gearing % 86.4 86.2** 43.2** 21.5** 23.4**
ROCE % (14.2) 2.0 5.4 (0.5)* 5.4*
Trading working capital 551.1 570.7 387.4 383.8 403.5
Trading working capital to annualized group revenue % 21.0 24.0 16.0 21.9 20.7
Cash flow IFRS
EUR mn 2023 2022 2021 2020 2019
Gross cash flow 88.5 244.8 372.0 126.8 294.0
Gross cash flow/Revenue % 3.5 9.5 17.0 7.8 14.0
Cash flow from operating activities 160.3 (43.2) 394.0 48.9 244.6
Free cash flow (122.8) (740.7) (445.5) (614.8) 0.8
Capital expenditure (CAPEX) 283.6 698.9 844.3 668.8 244.0
Stock exchange
EUR 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019
Market capitalization in mn 1,372.9 1,454.9 3,239.1 2,198.3 2,198.3
Share price 35.55 54.80 122.00 82.80 82.80
Dividend per share 0.00 0.00 4.35 0.00 0.00

The above financial indicators are derived primarily from the IFRS consolidated financial statements of the Lenzing Group. Additional details are provided in the section “Notes on the financial performance indicators of the Lenzing Group”, in the glossary to the Annual Report and in the consolidated financial statements of the Lenzing Group. Rounding differences can occur in the presentation of rounded amounts and percentage rates.

*Reclassification of capitalized borrowing costs, net interest from defined benefit plans and commitment fees from EBIT/EBITDA to the financial result (see note 2 of the consolidated financial statements as at December 31, 2021).

**Since the second quarter of the 2023 financial year, net financial debt is presented excluding lease liabilities.

 

 

37.25 %
B&C Group (1) (Austria)
6.97 %
The Goldman Sachs Group, Inc. (USA)
40.78 %
Free float (2)
15.00 %
Suzano S.A (1) (Brazil)
1. According to the syndicate agreement between the B&C Group and Suzano S.A., B&C retains sole control
2. The free float shares are held by Austrian and international institutional investors and private shareholders
Financial calendar 2024
15/03/2024 - Financial results 2023
08/04/2024 - Record date "Annual General Meeting"
18/04/2024 - 80th Annual General Meeting
 
08/05/2024 - Results 1st quarter 2024
07/08/2024 - Half-year results 2024
07/11/2024 - Results 3rd quarter 2024