In the first three quarters Lenzing revenue was up 24 percent. This was primarily due to higher fiber prices. Lenzing was increasingly affected by the extreme developments in global energy and raw material markets in the first three quarters of 2022, in line with the impact on the whole of manufacturing industry.

The market environment deteriorated sharply, especially during the course of the third quarter, and the worsening consumer climate placed additional pressure on Lenzing’s business performance. In addition to lower demand, the earnings trend particularly reflects the sharp rise in energy and raw material costs.As a consequence, earnings before interest, tax, depreciation and amortization (ebitda) decreased by 11 percent yearonyear. Net profit for the period decreased by 33 percent.Adjusted equity grew by six percent as a consequence of the operating profit trend as well as positive currency effects. As a consequence, the adjusted equity ratio is at 37 percent.

Lenzing stands for the ecologically responsible production of specialty fibers made from the renewable raw material wood. As an innovation leader, Lenzing is a partner to global textile and nonwoven manufacturers and drives many new technological developments. Lenzing’s high-quality fibers form the basis for a variety of textile applications ranging from elegant clothing to versatile denims and high-performance sports clothing.