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Lenzing AG (LENV.VI)

LENV.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lenzing puts U.S. expansion plan on ice over tariffs, building costs
Wednesday, 26 Sep 2018 02:45pm EDT 

Sept 26 (Reuters) - Lenzing AG ::LENZING TEMPORARILY MOTHBALLS LYOCELL EXPANSION PROJECT IN MOBILE, ALABAMA.RISING LIKELIHOOD OF INCREASING TRADE TARIFFS, PAIRED WITH POTENTIAL SURGE IN CONSTRUCTION COSTS DUE TO BUOYANT U.S. LABOR MARKET, HAVE INCREASED RISK PROFILE OF THIS PROJECT.WILL PUT ALL ITS EFFORT TO READJUST EXECUTION OF ITS GROWTH PLAN TO MEET STRONG MARKET DEMAND OF ITS LYOCELL FIBERS, INCLUDING AN INCREASED FOCUS ON LYOCELL EXPANSION PROJECT IN PRACHINBURI (THAILAND).WILL REASSESS THIS DECISION ON A REGULAR BASIS BUT NO SUBSTANTIAL ADDITIONAL LYOCELL VOLUMES, OVER AND ABOVE ITS 25,000-TON EXPANSION IN HEILIGENKREUZ, WILL BE ADDED TO MARKET IN 2019 AND 2020.THIS DECISION WILL SLOW DOWN IMPLEMENTATION OF LYOCELL SPECIALTY STAPLE FIBER GROWTH.  Full Article

Lenzing FY Net Profit Up At EUR 281.7 Mln
Wednesday, 14 Mar 2018 02:20am EDT 

March 14 (Reuters) - LENZING AG ::FY REVENUE INCREASED BY 5.9 PERCENT TO EUR 2.26 BN.FY EBITDA UP 17.3 PERCENT TO EUR 502.5 MN.DIVIDEND PROPOSAL OF EUR 3.00/SHARE PLUS A SPECIAL DIVIDEND OF EUR 2.00/SHARE.FY NET PROFIT EUR 281.7 MN, A RISE OF 23 PERCENT FROM PRIOR- YEAR FIGURE OF EUR 229.1 MN.EXPECTS ITS RESULTS FOR 2018 TO BE LOWER THAN OUTSTANDING RESULTS IN LAST TWO YEARS.AIMS TO INCREASE SHARE OF SPECIALTY FIBERS AS A PERCENTAGE OF REVENUE TO 50 PERCENT BY 2020.  Full Article

Lenzing To Propose Unchanged Basic And Higher Special Dividend For 2017
Friday, 23 Feb 2018 02:45am EST 

Feb 23 (Reuters) - LENZING AG ::DIVIDEND OF EUR 3.00 PER SHARE IS PLANNED TO REMAIN CONSTANT.SPECIAL DIVIDEND SHOULD BE RAISED TO EUR 2.00 PER SHARE.  Full Article

Lenzing Says Stefan Doboczky Reappointed CEO
Thursday, 14 Dec 2017 01:55am EST 

Dec 14 (Reuters) - LENZING AG ::EANS-NEWS: LENZING AG / STEFAN DOBOCZKY REAPPOINTED CEO OF LENZING AG.‍STEFAN DOBOCZKY'S NEW CONTRACT WILL BEGIN ON JUNE 1, 2018 AND RUNS UNTIL END OF 2022​.  Full Article

Lenzing AG says Lenzing opens new Application Innovation Center in Hong Kong
Monday, 11 Sep 2017 10:55pm EDT 

Sept 11 (Reuters) - Lenzing AG -:Lenzing AG says Lenzing opens new Application Innovation Center in Hong Kong.  Full Article

Lenzing's first-half profit on target for considerably better 2017
Wednesday, 23 Aug 2017 01:28am EDT 

Aug 23 (Reuters) - Lenzing Ag says H1 :H1 revenue up 11 percent to eur 1,149.1 mn.EBITDA increase of 38.8 percent to eur 270.7 mn.Detailed planning for new production plant for tencel® fibers in Thailand in progress.New sales offices opened in Turkey and Korea.Expects a considerable improvement in results in fiscal year 2017 compared to 2016.Assuming that fiber market conditions remain at current levels, we expect a substantial earnings improvement in 2017 compared to 2016.Aims to increase share of specialty fibers as a percentage of revenue to 50 percent by 2020.Decision on constructing new production plant in Thailand will be made in q1 of 2018. Completion is scheduled for end of 2020.The profit for the period improved by 58.9 percent to EUR 150.3 mn, and earnings per share climbed 59 percent to EUR 5.55 per share.  Full Article

Lenzing to build new plant in Thailand
Thursday, 29 Jun 2017 02:25am EDT 

June 29 (Reuters) - Lenzing Ag :Lenzing CEO says cost of Thailand plant will be slightly higher than the $293 million (not $203 million) investment in alabama, us.Lenzing plans construction of a state-of-the-art lycocell fiber production plant in Prachinburi (Thailand) by end of 2020.Next steps: finalizing of approvals and technical planning.A definitive decision on constructing of new production plant will be made in Q1 of 2018.Planned production facility will feature a capacity of up to 100,000 tons annually.  Full Article

Lenzing plans 100,000 t lyocell fiber plant in Thailand
Thursday, 29 Jun 2017 02:25am EDT 

June 29 (Reuters) - Lenzing Ag :Lenzing plans construction of a state-of--art Lyocell fiber production plant in Prachinburi (Thailand) by end of 2020.Next steps: finalizing of approvals and technical planning.A definitive decision on constructing new production plant will be made in Q1 of 2018.Planned production facility will feature a capacity of up to 100,000 tons annually.  Full Article

BRIEF-Shareholders in Lenzing AG place 3.34 million shares in accelerated bookbuild- bookrunner
Wednesday, 17 May 2017 12:00pm EDT 

Corrects number of shares in headline and first bullet point:Shareholders in Lenzing AG place 3.34 million shares in accelerated bookbuild- bookrunner (corrects number of shares).Accelerated bookbuild offering to institutional investors represents around 12.6 percent of Lenzing’s share capital - bookrunner.Morgan Stanley & Co. International Plc acting as sole bookrunner .  Full Article

Shareholders in Lenzing AG place 3.4 million shares in accelerated bookbuild- bookrunner
Wednesday, 17 May 2017 10:00am EDT 

May 17 (Reuters) - Lenzing Ag :Shareholders in Lenzing AG place 3.4 million shares in accelerated bookbuild- bookrunner.Accelerated bookbuild offering to institutional investors represents around 12.6 percent of Lenzing’s share capital - bookrunner.Morgan Stanley & Co. International Plc acting as sole bookrunner .  Full Article

Austria's Lenzing posts 27 pct drop in 9-month core profit on price pressure

VIENNA, Nov 7 Austrian fibres producer Lenzing AG posted a 27 percent fall in nine-month core profit on Wednesday due to higher input costs and lower prices for some of its textiles.