Brief: Lenzing Says Suspends 2022 Guidance Due To Limited Market Visibility And High Volatility Of Energy And Raw Material Markets

Lenzing AG

19/09/2022 17:49

Sept 19 (Reuters) - Lenzing Ag  LENV.VI :
    * EQS-NEWS: LENZING AG: LENZING SUSPENDS 2022 GUIDANCE DUE
TO
LIMITED MARKET VISIBILITY AND HIGH VOLATILITY OF ENERGY AND RAW
MATERIAL MARKETS
    * LENZING SEES ACHIEVEMENT OF ITS MEDIUM-TERM GUIDANCE FOR
2024 AT
RISK
    * GLOBAL MARKET ENVIRONMENT DETERIORATES SIGNIFICANTLY IN
CURRENT
QUARTER: HIGH INFLATION NEGATIVELY IMPACTS CONSUMER CLIMATE
    * LENZING - COURSE OF FY 2022 CAN ONLY BE ESTIMATED TO
LIMITED
EXTENT DUE TO LOW VISIBILITY ON DEMAND SIDE & HIGH VOLATILITY OF
ENERGY, RAW MATERIAL COSTS

Source text for Eikon:  ID:nEQsT9Q7a 
Further company coverage:  LENV.VI 

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