Brief: Lenzing Expects FY EBITDA Around EUR 250 Mln

Lenzing AG

19/12/2022 15:46

Dec 19 (Reuters) - LENZING AG  LENV.VI :
    * LENZING ADJUSTS EARNINGS FORECAST DUE TO ONE-OFF EFFECTS
FROM
RESTRUCTURING, CURRENCY EFFECTS AND FURTHER DETERIORATION IN
MARKET ENVIRONMENT
    * LENZING ADJUSTS EARNINGS FORECAST DUE TO ONE-OFF EFFECTS
FROM
RESTRUCTURING, CURRENCY EFFECTS AND FURTHER DETERIORATION IN
MARKET ENVIRONMENT
    * LENZING EXPECTS ITS EARNINGS BEFORE INTEREST, TAX,
DEPRECIATION
AND AMORTIZATION (EBITDA) TO BE AROUND EUR 250 MN, WHICH IS
BELOW MARKET EXPECTATIONS
    * LENZING GROUP, WORLD'S LEADING SUPPLIER OF SPECIALTY
FIBERS FOR
TEXTILE AND NONWOVENS INDUSTRIES, IS ADJUSTING ITS EARNINGS
FORECAST FOR 2022 FINANCIAL YEAR DUE TO ONE-OFF EFFECTS RELATED
TO ACCELERATED SAVINGS PROGRAM AS WELL AS CURRENCY EFFECTS AND A
FURTHER DETERIORATION OF MARKET ENVIRONMENT

Source text for Eikon:  ID:nEQ3rrfVJa 
Further company coverage:  LENV.VI 
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