- Revenue up 4.8 percent year-on-year to EUR 1.31 bn in the first half of 2024
- Performance program shows effect: EBITDA up 20.4 percent year-on-year to EUR 164.4 mn in in the first half of 2024
- Free cash flow of EUR 141.5 mn (compared with minus EUR 165.4 mn in in the first half of 2023)
- Lenzing confirms EBITDA guidance for 2024
Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, reports a gradual improvement in its business performance in the first half of 2024. As expected, the recovery of the markets relevant to Lenzing proved to be sluggish. Although fiber sales volumes increased, fiber prices remained at a low level. The cost of raw materials and energy remained high. At the same time, logistics costs rose significantly in the reporting period.
PLEASE READ THE ATTACHED DOCUMENT FOR MORE INFORMATION.
Lenzing Group’s half-year report 2024 will be available for download at 07.30 a.m. under https://www.lenzing.com/investors/publications.
