Brief: Lenzing FY EBITDA At EUR 303.3 Mln

Lenzing AG

15/03/2024 06:35

March 15 (Reuters) - LENZING AG  LENV.VI :
    * NEGATIVE MARKET ENVIRONMENT STRONGLY IMPACTS 2023 EARNINGS
–
IMPLEMENTATION OF PERFORMANCE PROGRAM EXCEEDS PLAN
    * LENZING AG - HAS UPGRADED ITS GROWTH FORECAST FOR 2024
FROM 2.9
PERCENT TO 3.1 PERCENT, A NUMBER OF RISKS FOR GLOBAL ECONOMY
CONTINUE TO EXIST
    * LENZING AG - EXPECTS EBITDA FOR 2024 FINANCIAL YEAR TO BE
HIGHER
THAN IN PREVIOUS YEAR
    * LENZING AG - CURRENCY ENVIRONMENT IS EXPECTED TO REMAIN
VOLATILE
IN REGIONS RELEVANT TO LENZING
    * LENZING AG - EARNINGS VISIBILITY REMAINS LIMITED OVERALL
    * LENZING AG - FY EBIT AND EARNINGS AFTER TAX IMPACTED BY
NON-CASH
IMPAIRMENT LOSSES OF EUR 464.9 MN
    * LENZING AG - POSITIVE FREE CASH FLOW IN SECOND HALF OF
YEAR,
LIQUIDITY UP SIGNIFICANTLY TO EUR 731 MN
    * LENZING AG - FY EBITDA OF EUR 303.3 MN
    * LENZING AG - EARNINGS BEFORE INTEREST AND TAX (EBIT) STOOD
AT
MINUS EUR 476.4 MN (COMPARED WITH EUR 16.5 MN IN 2022)

Source text for Eikon:  ID:nEQ1bNrzPa 
Further company coverage:  LENV.VI 

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