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

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.