Brief: Lenzing AG Suspends Dividend Policy For FY 2023

Lenzing AG

08/03/2023 09:32

March 8 (Reuters) - LENZING AG  LENV.VI :
    * SUSPENDS DIVIDEND POLICY FOR FINANCIAL YEAR 2023
    * EXPECTS EBITDA FOR 2023 FINANCIAL YEAR TO BE IN A RANGE OF
EUR
320 MN TO EUR 420 MN, ASSUMING A FURTHER MARKET RECOVERY IN
CURRENT FINANCIAL YEAR
    * ON THIS BASIS, MANAGING BOARD OF LENZING AG DOES NOT
CONSIDER
EXECUTION OF EXISTING DIVIDEND POLICY OF AT LEAST EUR 4.50 FOR
2023 FINANCIAL YEAR TO BE APPROPRIATE
    * ACCORDINGLY, LENZING AG IS SUSPENDING ITS DIVIDEND POLICY
FOR
2023 FINANCIAL YEAR

Source text for Eikon:  ID:nEQ9r83lRa 
Further company coverage:  LENV.VI 

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