- Lenzing Group’s revenue rose 5% to EUR 2 bn in early 2024, with EBITDA up 20.3% to EUR 263.7 mn and free cash flow at EUR 191.8 mn.
- Despite high raw material, energy, and logistics costs, Lenzing confirms 2024 EBITDA guidance. Fiber sales rose, but prices stayed low.
- The market recovery is slow.
Thu Nov 07 07:37:23 -0000 2024 UTC– Lenzing Group’s operating result improves in Q3 2024, with revenue up 5% to EUR 2 bn.
EBITDA increased by 20.3%, reaching EUR 263.7 mn, and free cash flow improved to EUR 191.8 mn. External costs such as raw materials, energy, and logistics remain challenging.
Lenzing confirms EBITDA guidance for 2024. Market recovery has been slow, with fiber prices low and costs high.