Lenzing shares surge on earnings beat

Lenzing AG

14/03/2025 09:52

** Shares in Lenzing surge 10% after the chemicals firm reported better-than-expected full-year earnings, led by higher fiber sales volumes

** Lenzing's full year EBITDA reached 395.4 million euros  ($429.17 million), ahead of an estimate of 364 million euros in a company-compiled consensus

** "Reporting EBITDA of EUR 395.4 million, Lenzing delivered on its 2024 guidance, envisaging EBITDA to be higher y/y," Raiffeisen Research writes

** Lenzing is at the top of the Austrian traded index .ATX

($1 = 0.9213 euros)

 (Reporting by Tristan Veyet)

 ((Tristan.chabba@thomsonreuters.com))