Revenue increased by 8 percent to EUR 2.13 bn
EBITDA up 47.6 percent to EUR 428.3 mn
Rise in share of specialty fibers to 42 percent
Dividend proposal of EUR 3.00/share plus a special dividend of EUR 1.20/share
Further earnings improvement expected in 2017
Expansion of capacities for premium specialty fibers by 25,000 tons
Investments of about EUR 70 mn over the next twelve months
Project highlights strategic importance of Heiligenkreuz for TENCEL® premium fibers
In addition to raising the dividend to EUR 3.00 per share, the management board of Lenzing AG proposes to pay out a special dividend amounting to EUR 1.20 per share.
USDA Biobased certification extended to Lenzing Viscose® and Lenzing Modal®
New fiber generation based on cotton scraps and wood
Another milestone in Lenzing’s innovation heritage
Close cooperation with leading textile chains
Lenzing - The Lenzing Group has reduced its equity stake in EQUI-Fibres Beteiligungs-gesellschaft mbH, Kelheim from 45 to 20 percent. EQUI-Fibres is the sole parent company of Kelheim Fibres GmbH, which manufactures viscose fibers at its plant in Kelheim, Germany. EQUI-Fibres reported total revenue of EUR 162 mn in 2015.
State-of-the-art 90,000 tons TENCEL® fiber plant to be built in Mobile, Alabama
Investment of EUR 275 mn – operations to start in the first quarter of 2019
Strengthening of technical expertise by creating a new Management Board Role – Heiko Arnold appointed Chief Technology Officer
Ranked first by the Canadian environmental organization Canopy Planet Society
Re-confirmation of Lenzing’s leadership role in the field of sustainability
Acknowledgment of the innovative strength of Lenzing’s new TENCEL® fiber
from recycled cotton waste
Revenue up 8.2 percent to EUR 1,578.4 mn
EBITDA improvement of 52.2 percent to EUR 320.6 mn
Operating cash flow doubled to EUR 374.9 mn
Investment programs for pulp and specialty fibers gain momentum
Lenzing/Vienna, October 11, 2016 – The Lenzing Group will expand and modernize its existing dissolving wood pulp production at the sites in Lenzing/Austria and Paskov/Czech Republic.
Employment contract for Chief Commercial Officer with responsibility for marketing and sales will be valid for a further three-year period
Revenue up 8.3% to EUR 1,034.8 mn
EBITDA rose 54.3% to EUR 195.1 mn
Free cash flow tripled to EUR 228.3 mn
Expansion program for specialty fiber production capacities started
Lenzing Invests More Than EUR 100 Million in New Production Capacities for Specialty Fibers in Austria
Expansion of capacities for specialty fibers by 35,000 tons by mid 2018, About 70 mn Euro of investments in Heiligenkreuz and 30 mn Euro at the Lenzing site, Strategic importance of Heiligenkreuz as site for TENCEL® premium fibers underpinned
Revenue up 8.1 percent to EUR 512.8 mn
EBITDA improvement of 54.7 percent to EUR 92.2 mn
Tripling of free cash flow and operating cash flow
Various sites under evaluation for expanding production capacities of specialty fibers
This year’s Annual General Meeting of Lenzing AG resolved today, Wednesday April 20, 2016, to distribute a dividend of EUR 2.00 per share for the 2015 financial year compared to EUR 1.00 per share for the previous year. The dividend payment is scheduled to take place on April 26, 2016, whereas ex-dividend day is on April 22, 2016.
Revenue rose by 6% to EUR 1.98 bn
EBITDA increase of 20.7% to EUR 290.1 mn
Dividend proposal: doubling to EUR 2.00 per share
Share of specialty fibers up to 40.5%
Further earnings improvement expected in 2016
Thomas Obendrauf MBA started work as the new Chief Financial Officer (CFO) of Lenzing AG on March 1, 2016. Accordingly, he completes the three-member Management Board of the world’s leader fiber producer, which also includes CEO Stefan Doboczky and CCO Robert van de Kerkhof.
The Nomination Committee of the Supervisory Board of Lenzing AG has recommended to the Supervisory Board to appoint, at its next meeting on 10 December 2015, Thomas Obendrauf, 45, as the company’s CFO, for three years from 1 March 2016.
For the last ten years, publicly traded companies which are leaders in terms of social and ecological performance have been accepted once annually for listing in the VBV Austrian Sustainability Index VÖNIX of the Vienna Stock Exchange. Lenzing AG has been represented every year since VÖNIX was first launched.
Lenzing Presents New Group Strategy “sCore TEN“: Profitable Growth Thanks to Eco-Friendly Specialty Fibers
Lenzing takes advantage of megatrends
Sustainability as a key innovation and growth driver
Share of revenue generated by specialty fibers targeted to rise to 50% by 2020
EBITDA growth of approx. 10% p.a. until 2020
Increase in ROCE to more than 10% by 2020
In the third quarter of 2015, the Lenzing Group continued the positive development of the first two quarters of the year. Earnings improved substantially compared to the first nine months of the previous year.
Waltraud Kaserer has been appointed to serve as the new Head of Corporate Communications of the international fiber group Lenzing AG as of January 1, 2016. She will succeed Angelika Guldt, who will be responsible for communicating sustainability-related issues of the Lenzing Group starting at the beginning of 2016.
One year ago the Lenzing Group put the world’s largest TENCEL® fiber production plant located at the Lenzing site in Upper Austria into operation. Construction could be completed in only two years thanks to the unique bundling of all the company’s internal and external strengths. This is an extremely short time for such a cutting-edge technology.
Lenzing is celebrating 50 years of the production and marketing of Lenzing Modal®. The fiber has become a quintessential part of the textile world and is used in an array of textile products. Lenzing Modal® is both known and loved for its unparalleled softness.
Significant increase for all earnings indicators
Strong tailwind from currency effects
Improved cost position thanks to excelLENZ program
Positive market development at the end of the second quarter
Since 2005, about 60 publicly traded Austrian companies are analyzed each year on the basis of about 100 environmental and social criteria. The best companies are accepted for listing in the VÖNIX index (VBV Austrian Sustainability Index) for a period one year.
The Interschutz trade show in Hannover recently searched for and identified the toughest firefighter in the world. Lukas Novak from the Czech team secured the coveted title “Toughest Firefighter Alive“ (TFA). Equipped with protective clothing made of Lenzing FR®, he prevailed against 327 competitors from across the globe and was selected as the TFA World Champion. Moreover, Pavel Kubin and Petr Vyhnalek, also wearing protective clothing produced with Lenzing FR®, also grabbed the outstanding second and fourth places in the individual competition.
Within the context of the deconsolidation process launched in 2013 and the comprehensive restructuring of its technical operations already announced in 2014, Lenzing AG is continuing its strategy of more strongly focusing on its core business of producing man-made cellulose fibers, and is selling three business units of Lenzing Technik.
Lenzing Apprentices Win the Three Top Awards at the Austrian Federal Economic Chamber Apprenticeship Award
Once a year “the stage is set for future talents”. At the Apprentice Award granted by the industrial section of the Austrian Federal Economic Chamber, the best apprentices in Upper Austria during their second year of training in different categories were honored.
ENERGY GLOBE Award Austria 2015 / Category Earth for Lenzing Modal® COLOR
TRIGOS Styria: CSR Newcomer Prize for TENCEL®
Increased revenue thanks to better product mix
Cost savings improve operating results
Market environment remains difficult
Lenzing AG, global market leader in the production of man-made cellulose fibers, has successfully issued and placed German Private Placement (Schuldschein) to the amount of EUR 150 mn (senior debt, unsecured) on the capital market. This transaction took place in connection with the termination of the existing German Private Placements and the issuing of new securities including a volume increase to the current level of about EUR 290 mn.
This year’s Ordinary Shareholders’ Meeting of Lenzing AG resolved to distribute a dividend of EUR 1.00 per share for the 2014 financial year, compared to EUR 1.75 per share for the previous year. The dividend payment is scheduled to take place on April 29, 2015, with April 27, 2015 set as the ex-dividend day.
The Lenzing Group announces the sale of its fully owned German subsidiary Dolan GmbH, Kelheim and its 91.1% stake in European Carbon Fiber GmbH, Kelheim to WHEB Partners’ Growth Fund 2 of England and Jan Verdenhalven. The corresponding agreement was concluded on April 15, 2015. Both sides agreed to keep the purchase price confidential.
Dividend proposal: EUR 1.00 per share
Record sales volumes against the backdrop of declining fiber selling prices
Countermeasures have a positive impact and improve operating results
Vienna, March 20, 2015 – The Supervisory Board of Lenzing AG appointed Stefan Doboczky as the new Chairman of the Management Board (CEO) of Lenzing AG. Mr. Doboczky will assume his new function on June 1st 2015. He takes over from Peter Untersperger, who will step down from his function as CEO per 31 May 2015 at his own request prematurely.
Lenzing Group: Operating Results Above Expectations, One-Off Effects Negatively Impact Year-End-Results 2014
According to preliminary figures, consolidated sales of the Lenzing Group declined slightly to EUR 1.86 bn in 2014, down from the prior-year level of EUR 1.91 bn in 2013. This drop can be attributed to the continuing downward pressure on fiber prices as a consequence of the global surplus capacities of viscose fiber producers.