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EANS-Adhoc: Lenzing AG / Lenzing raises expectations for the current fiscal year

Dissemination of inside information in accordance with Article 17 MAR by euro adhoc with a view to distribution throughout Europe. The source is responsible for the content.

Profit forecast/half year results

Lenzing – The Lenzing Group reported a significantly improved development of its operating result in the first half of 2021. The preliminary operating result before depreciation (EBITDA) more than doubled from the previous year to €217.8 million (after €95.6 million in the first half of 2020). ).

However, the current positive environment remains marked by a great deal of uncertainty regarding the COVID-19 pandemic. Despite continued limited vision, the Lenzing Group Executive Board raised expectations for fiscal year 2021.

Given the very positive development in the first half of the year and taking into account the mentioned factors, the Lenzing Group expects EBITDA to reach at least €360 million in 2021.

The Lenzing Group’s results for the first half of 2021 will be published on Wednesday, August 4, 2021.

End of ad hoc euro

Source: Lenzing AG

A-4860 Linzeng
Phone: +43 7672-701-0
Fax: +43 7672-96301
ISIN: AT0000644505
Ingredients: WBI, ATX
Stocks: Vienna
German language

Inquiries and contact:

Dominic Kovner
Vice President of Corporate Communications and Public Affairs
Lenzing AG
Phone: +43 7672701 2743

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