“Lenzing AG expects an EBITDA in the range of EUR 320 to 420 million for the 2023 financial year, provided the market continues to recover in the current fiscal year,” the listed company announced today, Wednesday, in an ad hoc announcement.
The Executive Board does not see an implementation of the existing dividend policy of at least EUR 4.50 per share “on this basis for the 2023 financial year,” it says. When the half-year figures were presented in August 2022, the company had set itself ambitious goals. At that time, there was talk of a dividend (shareholder profit sharing) of at least EUR 4.50 per share from 2023. In 2021 it was 4.35 euros.
The fiber manufacturer employs 8,000 people at nine locations worldwide. In the first half of 2022, sales were 1.29 billion euros, earnings before interest, taxes, depreciation and amortization (Ebitda) were 189 million euros. Lenzing is burdened by sharply increased costs for energy, raw materials and logistics.
The majority shareholder of Lenzing is the B&C private foundation, which also holds the majority in the aluminum group Amag and the industrial supplier Semperit. B&C holds 52.25 percent of Lenzing. 6.97 percent of the shares belong to the Goldman Sachs Group, 40.78 percent are in free float.
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