21st Austria weekly - Lenzing, RBI, Kontron, voestalpine (03/11/2023)

Lenzing: The anticipated recovery in markets relevant for the Lenzing Group, a leading global supplier of specialty fibers for the textile and nonwovens industries, has to date failed to materialize. Revenue in the first three quarters of 2023 decreased by 5.3 percent year-on-year to EUR 1.87 bn. This reduction was primarily due to lower fiber revenues, while pulp revenues were up. The net result after tax amounted to minus EUR 96.7 mn (compared with EUR 74.9 mn in the first three quarters of 2022), while earnings per share amounted to minus EUR 4.90 (compared with EUR 2.16 in the first three quarters of 2022). Building on this, the Managing Board is currently implementing a comprehensive performance program with the overriding objective of significantly enhanced long-term resilience to ...

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