Brief: Lenzing Confirms EBITDA Guidance For 2024

Lenzing AG

08/05/2024 06:37

May 8 (Reuters) - Lenzing AG  LENV.VI :
    * EQS-NEWS: LENZING GROUP REPORTS REVENUE AND EARNINGS
GROWTH IN
THE FIRST QUARTER OF 2024
    * IN TREND-SETTING MARKET FOR COTTON, A STABLE PRICE TREND
IS
EXPECTED FOR 2023/2024 HARVEST SEASON
    * LENZING CONFIRMS EBITDA GUIDANCE FOR 2024
    * LENZING - A RECOVERY IN CONSUMER CLOTHING MARKET, WHICH IS
IMPORTANT FOR LENZING, WILL ALSO DEPEND ON A FURTHER
NORMALIZATION OF STOCK LEVELS IN FY24
    * CANNOT SPEAK OF A SUSTAINABLE MARKET RECOVERY AS LONG AS
PRICE
PRESSURE IN FIBER BUSINESS REMAINS HIGH
    * CURRENCY ENVIRONMENT IS EXPECTED TO REMAIN VOLATILE IN
REGIONS
RELEVANT TO LENZING.
    * LENZING GROUP CONFIRMS ITS GUIDANCE FOR 2024 FINANCIAL
YEAR OF
YEAR-ON-YEAR HIGHER EBITDA
    * IN TREND-SETTING MARKET FOR COTTON, A STABLE PRICE TREND
IS
EXPECTED FOR 2023/2024 HARVEST SEASON

Source text for Eikon:  ID:nEQ9g5kTKa 
Further company coverage:  LENV.VI 

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