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21.09.2020

Lenzing Group further improves sustainability rating

The Lenzing Group was raised to “B-” by the sustainability rating agency ISS ESG and awarded “Prime Status”.  

In its latest report, ISS ESG, one of the most recognized rating agencies in the field of sustainability, raised the Lenzing Group’s sustainability rating from “C+” to “B-”, the highest rating in the category “Paper & Forest Products“, positioning the Lenzing Group among the top 10 percent of rated companies. The “Prime Status” of the Lenzing Group has also been confirmed.

ISS ESG is one of the leading agencies for sustainability ratings internationally and currently covers more than 8,000 issuers worldwide. The assessment of sustainability performance is based on more than 800 individual indicators in the areas of environmental, social and governance (so-called ESG criteria) performance. 40 companies from all over the world are rated in the “Paper & Forest Products” category. The best rating in this category is “B-“.

The Lenzing Group was raised to “B-” by the sustainability rating agency ISS ESG and awarded “Prime Status”.  

In its latest report, ISS ESG, one of the most recognized rating agencies in the field of sustainability, raised the Lenzing Group’s sustainability rating from “C+” to “B-”, the highest rating in the category “Paper & Forest Products“, positioning the Lenzing Group among the top 10 percent of rated companies. The “Prime Status” of the Lenzing Group has also been confirmed.

ISS ESG is one of the leading agencies for sustainability ratings internationally and currently covers more than 8,000 issuers worldwide. The assessment of sustainability performance is based on more than 800 individual indicators in the areas of environmental, social and governance (so-called ESG criteria) performance. 40 companies from all over the world are rated in the “Paper & Forest Products” category. The best rating in this category is “B-“.


 An essential part of the Lenzing Group’s strategy are its ambitious climate goals. In 2019, Lenzing was the first fiber manufacturer in the world to make a strategic commitment to climate-neutral production. This vision is to be put into practice by 2050. By 2030, the company is aiming for the interim goal of reducing emissions by 50 percent per ton of product compared to 2017.

The Science Based Targets Initiative, an organization in the field of climate-relevant target setting, has scientifically confirmed the climate targets of the Lenzing

More information:
Lenzing Group
Source:

Lenzing AG

10,460 kilometers: First direct complete train with Austrian TENCEL™ branded fibers from Vienna to China (c) Lenzing Aktiengesellschaft
Departure ceremony with Federal Minister Leonore Gewessler
20.08.2020

10,460 kilometers: First direct complete train with Austrian TENCEL™ branded fibers from Vienna to China

  • Due to the short-term increase in demand from Chinese customers, Lenzing AG is breaking new ground. For the first time in the history of Austria, a local company is sending goods that are 100 percent produced in Austria directly to China by train.

Vienna – The Lenzing Group stands for the ecologically responsible production of specialty fibers made from the renewable raw material wood. Due to the high demand from Chinese brands and retailers for sustainably produced fibers, Lenzing delivers fibers from the two Austrian production sites Lenzing and Heiligenkreuz directly to customers in China by train for the first time.

  • Due to the short-term increase in demand from Chinese customers, Lenzing AG is breaking new ground. For the first time in the history of Austria, a local company is sending goods that are 100 percent produced in Austria directly to China by train.

Vienna – The Lenzing Group stands for the ecologically responsible production of specialty fibers made from the renewable raw material wood. Due to the high demand from Chinese brands and retailers for sustainably produced fibers, Lenzing delivers fibers from the two Austrian production sites Lenzing and Heiligenkreuz directly to customers in China by train for the first time.

Austria's first complete train with goods exclusively “Made in Austria” will leave the Vienna South Terminal towards China on August 20, 2020 at 11 am. The train is loaded with Lenzing fibers and provided by NUNNER Logistics. In strict compliance with the COVID-19 protective measures, Leonore Gewessler, Federal Minister for Climate Action, Environment, Energy, Mobility, Innovation and Technology, His Excellency Xiaosi Li, Ambassador of the People's Republic of China in Austria, Stefan Doboczky, CEO of the Lenzing Group, Thomas Kargl, Board Member of the ÖBB Rail Cargo Group, Erwin Cootjans, CEO Nunner Logistics and Erich Hampel, Chairman of the Board of the B&C Private Foundation, took part in the departure ceremony.

The train, which started at Vienna, brings 41 containers with TENCEL™ branded Lyocell and Modal fibers with a total value of EUR 1.8 million directly to customers in China. On its 16-day trip to Shanghai, the train covers a total of 10,460 kilometers and passes seven countries: Austria, the Czech Republic, Poland, Belarus, Russia, Kazakhstan and China. “With this new transport route, we can meet the high demand from our customers for sustainably produced fibers more quickly. Thanks to train transport, the urgently needed fibers arrive at our customers in China twice as quickly as by sea freight,” says Stefan Doboczky, CEO of the Lenzing Group. Lenzing has had very good experiences with rail transport for a long time when it comes to delivering the renewable raw material wood to its plants. Almost 70 percent of the wood processed at the Lenzing site is already delivered by rail. “Our declared goal is to shift more freight traffic to rail. Rail is the only way to combine climate goals and economic interests and thus transport growth. That is why we are happy to be part of this unique project for our long-standing customer,” says Thomas Kargl, Board Member of the ÖBB Rail Cargo Group. “Transporting goods by rail to China is possible. And this train from Vienna to China is an integral part of climate protection. Because we want to support the shift from road to rail, especially in freight transport. Today's train is the first step – I am convinced this train will set an example”, says Leonore Gewessler, Federal Minister for Climate Action, Environment, Energy, Mobility, Innovation and Technology.

Lenzing Aktiengesellschaft (c) Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft
05.08.2020

COVID-19 impacts revenue and earnings of the Lenzing Group in the first half of 2020

  • Fiber prices and demand under pressure
  • Measures to protect employees, customers and suppliers and to keep plants operational implemented successfully
  • Joint venture Hygiene Austria established for industrial production of protective masks in the fight against the COVID-19 pandemic – new distribution channel via shop.hygiene-austria.at
  • Strategic investment projects progress according to plan – financing agreements for construction of pulp plant in Brazil concluded as planned
  • Revenue and operating result in the remaining quarters of 2020 expected to exceed that of the second quarter

Lenzing – In the first half of 2020, the Lenzing Group faced a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis. To counteract that, Lenzing intensified its cooperation with partners along the value chains and adjusted its production volumes and sales prices to market reality.

  • Fiber prices and demand under pressure
  • Measures to protect employees, customers and suppliers and to keep plants operational implemented successfully
  • Joint venture Hygiene Austria established for industrial production of protective masks in the fight against the COVID-19 pandemic – new distribution channel via shop.hygiene-austria.at
  • Strategic investment projects progress according to plan – financing agreements for construction of pulp plant in Brazil concluded as planned
  • Revenue and operating result in the remaining quarters of 2020 expected to exceed that of the second quarter

Lenzing – In the first half of 2020, the Lenzing Group faced a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis. To counteract that, Lenzing intensified its cooperation with partners along the value chains and adjusted its production volumes and sales prices to market reality. The disciplined implementation of the sCore TEN corporate strategy and the focus on specialty fibers continued to have a positive impact.*

*Please read the attached document for more information

More information:
Lenzing AG Covid-19 Coronakrise
Source:

Lenzing Aktiengesellschaft

(C) IVC e.V.
27.07.2020

Industrievereinigung Chemiefaser e.V. wählt neuen Vorstand

  • Marktdaten 2019

Am 24. Juli 2020 fand die Jahresmitgliederversammlung der Industrievereinigung Chemiefaser e. V. (IVC) mit Vorstandswahlen und der Bekanntgabe der Zahlen zum abgelaufenen Geschäftsjahr 2019 statt.

Turnusgemäß erfolgten die Neuwahlen des Vorsitzenden, des stellvertretenden Vorsitzenden sowie des Schatzmeisters der IVC. Stefan Braun (Dralon GmbH) stand nach zwei Amtsperioden als IVC-Vorsitzender nicht mehr zur Verfügung, als neuer Vorsitzender wurde Klaus Holz (Trevira GmbH) gewählt, der zuvor bereits stellvertretender Vorsitzender war. Zum Stellvertreter wählte die IVC-Mitgliederversammlung Wolfram Daubek-Puza (Lenzing AG). Der bisherige Schatzmeister der IVC, Dr. Till  Boldt (ENKA International GmbH & Co. KG), wurde in seinem Amt bestätigt.
               
Spezielle Marktdaten: Rückblick auf 2019
Die weltweite Produktion an Chemiefasern erlebt trotz verschärfter Diskussionen in der Umweltpolitik seit nunmehr fünf Jahren in Folge ein stetiges Wachstum, was vor allem auf synthetische Chemiefasern zurückzuführen ist, während die Baumwoll- und die Wollproduktion stagnierten.

  • Marktdaten 2019

Am 24. Juli 2020 fand die Jahresmitgliederversammlung der Industrievereinigung Chemiefaser e. V. (IVC) mit Vorstandswahlen und der Bekanntgabe der Zahlen zum abgelaufenen Geschäftsjahr 2019 statt.

Turnusgemäß erfolgten die Neuwahlen des Vorsitzenden, des stellvertretenden Vorsitzenden sowie des Schatzmeisters der IVC. Stefan Braun (Dralon GmbH) stand nach zwei Amtsperioden als IVC-Vorsitzender nicht mehr zur Verfügung, als neuer Vorsitzender wurde Klaus Holz (Trevira GmbH) gewählt, der zuvor bereits stellvertretender Vorsitzender war. Zum Stellvertreter wählte die IVC-Mitgliederversammlung Wolfram Daubek-Puza (Lenzing AG). Der bisherige Schatzmeister der IVC, Dr. Till  Boldt (ENKA International GmbH & Co. KG), wurde in seinem Amt bestätigt.
               
Spezielle Marktdaten: Rückblick auf 2019
Die weltweite Produktion an Chemiefasern erlebt trotz verschärfter Diskussionen in der Umweltpolitik seit nunmehr fünf Jahren in Folge ein stetiges Wachstum, was vor allem auf synthetische Chemiefasern zurückzuführen ist, während die Baumwoll- und die Wollproduktion stagnierten.

China baute seinen Weltmarktanteil an der Chemiefaserproduktion im Jahr 2019 weiter aus: 70 % aller weltweit produzierten Chemiefasern stammen von dort. Marktanteile verloren die europäischen und indischen Chemiefaserhersteller. Die Auswirkungen der Konzentration auf chinesische Produktionsstätten zeigte sich zu Beginn der von China ausgehenden Sars-CoV-2-Pandemie, indem Mund-Nasen-Schutzmasken und die zu deren Herstellung notwendigen Chemiefasern in Europa nicht mehr in der ausreichenden Menge zur Verfügung standen.

Zahlenmäßig musste die deutsche Chemiefaserproduktion im Jahr 2019 im Mittel  aller Chemiefaserarten einen Rückgang um – 14,1 % hinnehmen. Hier machte sich immer noch der zeitweise Ausfall einer Produktionsstätte aus dem Bereich cellulosischer Chemiefasern bemerkbar (- 22,7 %).

Nicht nur die Produktion, sondern auch die Importe an Chemiefasern waren im Jahr 2019 rückläufig (- 5,6 %), dies betraf primär die synthetischen Chemiefasern.
Die geringere Produktion und der gesunkene Import gehen einher mit einem Rückgang in der Verarbeitung von Fasern in Deutschland (- 11,3 %). Dieses traf die Faserarten Chemie, Baumwolle und Wolle nahezu

gleichermaßen.
Die Aufteilung der verarbeiteten Chemiefasern auf die Bereiche Bekleidung, Heimtextilien und technisch-medizinisch-hygienische Anwendungen blieb im Vergleich zum Vorjahr unverändert. In der Bekleidungs- und Heimtextilherstellung erhöhte sich der Anteil der Chemiefasern leicht zu Lasten von Wolle bzw. Baumwolle.

Weitere Informationen und Zahlenmaterial enthält die „IVC-Jahresbroschüre 2019/2020 unter https://www.ivc-ev.de/de/infomaterialien-shop.

Hygiene Austria LP GmbH is prepared with an online shop for the reintroduction of the mask requirement (c) Lenzing AG
Hygiene Austria LP GmbH Logo
21.07.2020

Hygiene Austria LP GmbH is prepared with an online shop for the reintroduction of the mask requirement

  • With shop.hygiene-austria.at, quick access to MNS, FFP2 and child masks “made in Austria” is guaranteed.

Wiener Neudorf – Hygiene Austria LP GmbH has become known for its locally produced mouth-nose protective masks, FFP2 and children's masks during the COVID-19 crisis. The company is now well prepared for the reintroduction of the mask requirement. “Especially in times of a pandemic, it is important to us at Hygiene Austria to make a contribution to the security of Austrian supply”, said Stephan Trubrich, Managing Director of Hygiene Austria LP GmbH, confidently.

All interested parties who want to prepare for their purchases in the supermarkets or their visit to public facilities but also for their holiday trips can now purchase masks of different types at the following website: https://shop.hygiene-austria.at.

  • With shop.hygiene-austria.at, quick access to MNS, FFP2 and child masks “made in Austria” is guaranteed.

Wiener Neudorf – Hygiene Austria LP GmbH has become known for its locally produced mouth-nose protective masks, FFP2 and children's masks during the COVID-19 crisis. The company is now well prepared for the reintroduction of the mask requirement. “Especially in times of a pandemic, it is important to us at Hygiene Austria to make a contribution to the security of Austrian supply”, said Stephan Trubrich, Managing Director of Hygiene Austria LP GmbH, confidently.

All interested parties who want to prepare for their purchases in the supermarkets or their visit to public facilities but also for their holiday trips can now purchase masks of different types at the following website: https://shop.hygiene-austria.at.

Source:

Lenzing Aktiengesellschaft

20.07.2020

Lenzing once again gold status in the sustainability rating of EcoVadis

For the third time in a row, the Lenzing Group was awarded gold status in the EcoVadis CSR rating. The assessment is further evidence that the company is one of the top performers in the field of sustainability worldwide.

Lenzing is thus one of the leading two percent of all assessed companies in its industry.
The assessment covers the four most important CSR (Corporate Social Responsibility) practices:

  • environment
  • fair working conditions and human rights
  • ethics and sustainable procurement

“This award makes us very proud and encourages us to continue on our path to becoming a provider of environmentally friendly specialty fibers. At Lenzing, we look beyond fibers and take responsibility for our children and grandchildren by
standing up resolutely against the shortcomings of our time. This attitude is part of our strategic principles and we will continue to work hard to make a sustainable contribution to the environment and society”, says Stefan Doboczky, CEO of the Lenzing Group.

For the third time in a row, the Lenzing Group was awarded gold status in the EcoVadis CSR rating. The assessment is further evidence that the company is one of the top performers in the field of sustainability worldwide.

Lenzing is thus one of the leading two percent of all assessed companies in its industry.
The assessment covers the four most important CSR (Corporate Social Responsibility) practices:

  • environment
  • fair working conditions and human rights
  • ethics and sustainable procurement

“This award makes us very proud and encourages us to continue on our path to becoming a provider of environmentally friendly specialty fibers. At Lenzing, we look beyond fibers and take responsibility for our children and grandchildren by
standing up resolutely against the shortcomings of our time. This attitude is part of our strategic principles and we will continue to work hard to make a sustainable contribution to the environment and society”, says Stefan Doboczky, CEO of the Lenzing Group.

Lenzing’s ambitious climate target represents an important component of the company’s strategy and the responsibility towards future generations. In the 2019 financial year, Lenzing became the world’s first producer of wood-based cellulosic fibers to strategically commit to a climate-neutral production. This vision is to be put into practice by 2050. By 2030, the company aims to achieve an interim goal of reducing emissions by 50 percent per ton of product compared to 2017.

In 2019, Lenzing was once again rated number one in the world in the “Hot Button Report” of the Canadian NGO Canopy, another highly regarded ranking. In this ranking, Canopy grades the world’s 32 largest producers of wood-based fibers with respect to their success in achieving sustainable wood and pulp sourcing.

 

19.05.2020

Hygiene Austria LP GmbH: Production of FFP2 and mouth-nose masks

FFP2 and mouth-nose protective masks for children are also being manufactured in Wiener Neudorf

The company “Hygiene Austria LP GmbH”, recently founded by Lenzing AG and Palmers Textil AG, has once again called attention to itself. Following the successful launch of the production of mouth-nose protective masks in Austria, Hygiene Austria commenced manufacturing FFP2 masks and mouth-nose protective masks for children.
For the first time, Federal Chancellor Sebastian Kurz personally took a closer look at production operations within the context of a visit to the facility this Tuesday morning. The Austrian Chancellor visited the  Austrian company Hygiene Austria together with Federal Minister of Labor, Family and Youth Christine Aschbacher.

FFP2 and mouth-nose protective masks for children are also being manufactured in Wiener Neudorf

The company “Hygiene Austria LP GmbH”, recently founded by Lenzing AG and Palmers Textil AG, has once again called attention to itself. Following the successful launch of the production of mouth-nose protective masks in Austria, Hygiene Austria commenced manufacturing FFP2 masks and mouth-nose protective masks for children.
For the first time, Federal Chancellor Sebastian Kurz personally took a closer look at production operations within the context of a visit to the facility this Tuesday morning. The Austrian Chancellor visited the  Austrian company Hygiene Austria together with Federal Minister of Labor, Family and Youth Christine Aschbacher.

More information:
Coronavirus face masks FFP-2
Source:

Lenzing AG

06.05.2020

Lenzing’s performance impacted by historically difficult market environment

  • Fiber prices and demand under pressure due to COVID-19 crisis
  • Measures to maintain operations and to protect employees, customers and suppliers implemented successfully
  • Hygiene competence center established to produce personal protective equipment in the fight against COVID-19 pandemic
  • Strategic investment projects in Brazil and Thailand progressing according to plan
  • Management Board proposes not to distribute a dividend for 2019 – AGM rescheduled for June 18, 2020

In a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis, the Lenzing Group held its ground well in the first quarter of 2020. Thanks to a diversified business model and its global footprint on the one hand, and the disciplined implementation of the sCore TEN corporate strategy on the other, the effect on the revenue and earnings development was partially offset.

  • Fiber prices and demand under pressure due to COVID-19 crisis
  • Measures to maintain operations and to protect employees, customers and suppliers implemented successfully
  • Hygiene competence center established to produce personal protective equipment in the fight against COVID-19 pandemic
  • Strategic investment projects in Brazil and Thailand progressing according to plan
  • Management Board proposes not to distribute a dividend for 2019 – AGM rescheduled for June 18, 2020

In a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis, the Lenzing Group held its ground well in the first quarter of 2020. Thanks to a diversified business model and its global footprint on the one hand, and the disciplined implementation of the sCore TEN corporate strategy on the other, the effect on the revenue and earnings development was partially offset.

In the first quarter of 2020, revenue declined by 16.7 percent in comparison with the prior-year quarter and amounted to EUR 466.3 mn. The main reason was the development of prices for standard viscose (due to significant overcapacity in the market) and other standard fibers. The impact of the COVID-19 crisis further increased pressure on prices and volumes. The prices for standard viscose dropped to a new all-time low of 9,150 RMB/ton by March 31 – up to 33 percent lower than in the prior-year quarter. The comparatively positive development of the specialty fiber business and slightly higher demand for fibers in the medical and hygiene segments partially offset the decline in revenue. The share of specialty fibers increased from 47.3 percent in the first quarter of the previous year to 60.9 percent. The earnings development reflects the decline in revenue: EBITDA (earnings before interest, tax, depreciation and amortization) decreased by 24.3 percent to EUR 69.6 mn. The EBITDA margin declined from 16.4 percent to 14.9 percent. Net profit for the period was down 58.6 percent to EUR 17.7 mn. Earnings per share amounted to EUR 0.84 compared with EUR 1.65 in the first quarter of the previous year.

More information:
Lenzing AG
Source:

Lenzing AG

06.05.2020

Lenzing Board proposes waiver of dividend for 2019

The Management Board of the Lenzing Group reassessed its original resolution for a dividend distribution of EUR 1.00 and decided to propose to the Supervisory Board and the Annual General Meeting not to distribute a dividend for the 2019 financial year due to the COVID-19 crisis.

The Management Board of the Lenzing Group reassessed its original resolution for a dividend distribution of EUR 1.00 and decided to propose to the Supervisory Board and the Annual General Meeting not to distribute a dividend for the 2019 financial year due to the COVID-19 crisis.

More information:
Lenzing AG Dividende
Source:

Lenzing AG

24.04.2020

Lenzing AG and Palmers Textil AG found Hygiene Austria LP GmbH

Center of competence for hygiene established in Wiener Neudorf to support Austria and the EU in the Covid-19 crisis for the industrial production of high-quality protective masks with a monthly capacity of 12 million pieces.

Lenzing AG and Palmers Textil AG found “Hygiene Austria LP GmbH”, in which Lenzing AG holds 50.1% and Palmers Textil AG 49.9%. The newly founded company will start producing and selling protective masks for the domestic and European markets from May 2020.

Over the past few weeks, Lenzing AG and Palmers Textil AG have invested several million euros in a modern production infrastructure at the Wiener Neudorf location and secured the corresponding raw materials for protective masks production. In a first step, the company produces so-called mouth-nose protective masks (MNS) and surgical protective masks of class EN14683. Hygiene Austria LP GmbH plans to increase its capacities to over 25 million masks per month over the next few weeks and to expand this business geographically as well.

Center of competence for hygiene established in Wiener Neudorf to support Austria and the EU in the Covid-19 crisis for the industrial production of high-quality protective masks with a monthly capacity of 12 million pieces.

Lenzing AG and Palmers Textil AG found “Hygiene Austria LP GmbH”, in which Lenzing AG holds 50.1% and Palmers Textil AG 49.9%. The newly founded company will start producing and selling protective masks for the domestic and European markets from May 2020.

Over the past few weeks, Lenzing AG and Palmers Textil AG have invested several million euros in a modern production infrastructure at the Wiener Neudorf location and secured the corresponding raw materials for protective masks production. In a first step, the company produces so-called mouth-nose protective masks (MNS) and surgical protective masks of class EN14683. Hygiene Austria LP GmbH plans to increase its capacities to over 25 million masks per month over the next few weeks and to expand this business geographically as well.

The demand for high-quality MNS and respiratory masks for medical personnel is increasing rapidly, and there is real competition on the international market for these products. In order to sustainably secure domestic supply now and in the future and to strengthen the business location, the two companies Lenzing AG and Palmers Textil AG have now set a milestone with their own competence center for hygiene based in Austria.

Hygiene Austria LP GmbH thus makes a significant contribution to combating the Covid-19 pandemic and ensures the long-term supply of these critical goods in Austria in high quality.

Source:

Lenzing AG

24.03.2020

Lenzing suspends 2020 guidance due to COVID-19 crisis

As a result of the global COVID-19 crisis, the Lenzing Group expects based on recent developments a negative impact on its textile sales volume. The potential impact cannot yet be reliably estimated, as it strongly depends on the duration of the crisis as well as its further effects on the global economy and textile markets. Consequently, Lenzing suspends its result forecast for 2020 as disclosed on March 12, 2020, when it expected the result for 2020 to be below the level of 2019. In order to mitigate a potentially stronger than expected decline in earnings, Lenzing has already started to implement cost saving measures across its sites globally.

As a result of the global COVID-19 crisis, the Lenzing Group expects based on recent developments a negative impact on its textile sales volume. The potential impact cannot yet be reliably estimated, as it strongly depends on the duration of the crisis as well as its further effects on the global economy and textile markets. Consequently, Lenzing suspends its result forecast for 2020 as disclosed on March 12, 2020, when it expected the result for 2020 to be below the level of 2019. In order to mitigate a potentially stronger than expected decline in earnings, Lenzing has already started to implement cost saving measures across its sites globally.

More information:
Lenzing AG corona virus
Source:

Lenzing Aktiengesellschaft

Lenzing in difficult market environment
Logo Lenzing
12.03.2020

Lenzing solid in a historically difficult market environment

 

 

  • Historically difficult market environment – trade tensions put textile value chain under pressure in 2019
  • Prices for standard viscose at a historic low
  • Positive development of the specialty fiber business with a revenue share of already 51.6 percent
  • Strategic investment projects are progressing according to plan
  • sCore TEN targets for 2024 defined – EBITDA of EUR 800 mn

Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and the accompanying focus on specialty fibers once again helped to mitigate the effect of unprecedentedly low standard viscose prices.
As a result, revenue dropped by 3.3 percent from EUR 2.18 bn to EUR 2.11 bn in 2019, driven by lower selling prices as well as standard fiber volumes. Due to positive mix effects and more resilient specialty fiber prices, the share of specialty fibers increased from 45.5 percent to 51.6 percent of revenue.
The earnings development was largely influenced by the decline in revenue, but also by negative currency effects on material and personnel costs. EBITDA (earnings before interest, tax, depreciation and amortization) fell by 14.4 percent from EUR 382 mn to EUR 326.9 mn. The EBITDA margin declined from 17.6 percent to 15.5 percent. Net profit, at EUR 114.9 mn, was 22.4 percent lower than in the previous year at EUR 148.2 mn. Earnings per share amounted to EUR 4.63 (2018: EUR 5.61).

More information:
Lenzing financial year 2019
Source:

Corporate Communications, Lenzing AG

Lenzing solide in historisch schwierigem Marktumfeld
Lenzing solide in historisch schwierigem Marktumfeld
12.03.2020

Lenzing solide in historisch schwierigem Marktumfeld

  • Historisch schwieriges Marktumfeld – Handelsspannungen setzten textile Wertschöpfungskette im Berichtsjahr unter Druck
  • Preise für Standardviscose auf historischem Tiefststand
  • Positive Entwicklung des Spezialfasergeschäftes mit bereits 51,6 Prozent Umsatzanteil
  • Strategische Investitionsprojekte schreiten planmäßig voran
  • sCore TEN Ziele für 2024 festgelegt – EBITDA von EUR 800 Mio.

Trotz einer allgemein schwierigeren Nachfragesituation bei Textilfasern und drastisch gefallener Preise für Standardviscose verzeichnete die Lenzing Gruppe auch 2019 eine solide Geschäftsentwicklung. Die disziplinierte Umsetzung der Unternehmensstrategie sCore TEN und der Fokus auf Spezialitäten wirkten sich erneut positiv auf die Umsatz- und Ergebnisentwicklung aus und der Effekt der historisch schwierigen Marktbedingungen konnte deutlich gemindert werden.

  • Historisch schwieriges Marktumfeld – Handelsspannungen setzten textile Wertschöpfungskette im Berichtsjahr unter Druck
  • Preise für Standardviscose auf historischem Tiefststand
  • Positive Entwicklung des Spezialfasergeschäftes mit bereits 51,6 Prozent Umsatzanteil
  • Strategische Investitionsprojekte schreiten planmäßig voran
  • sCore TEN Ziele für 2024 festgelegt – EBITDA von EUR 800 Mio.

Trotz einer allgemein schwierigeren Nachfragesituation bei Textilfasern und drastisch gefallener Preise für Standardviscose verzeichnete die Lenzing Gruppe auch 2019 eine solide Geschäftsentwicklung. Die disziplinierte Umsetzung der Unternehmensstrategie sCore TEN und der Fokus auf Spezialitäten wirkten sich erneut positiv auf die Umsatz- und Ergebnisentwicklung aus und der Effekt der historisch schwierigen Marktbedingungen konnte deutlich gemindert werden.

Die Umsatzerlöse verringerten sich im Berichtsjahr von EUR 2,18 Mrd. um 3,3 Prozent auf EUR 2,11 Mrd. Die Ursachen dafür lagen primär in den niedrigeren Faserverkaufspreisen und in einem leichten Rückgang der Absatzmenge für Standardfasern. Durch die weitere Optimierung des Produktmix und höhere Preise für Spezialfasern konnte der Rückgang der Umsatzerlöse weitgehend kompensiert werden. Der Anteil der Spezialfasern stieg im Vergleich zum Vorjahreszeitraum von 45,5 auf 51,6 Prozent. Die Ergebnisentwicklung war weitgehend vom Rückgang der Umsatzerlöse, aber auch von negativen Währungseffekten auf Material- und Personalkosten beeinflusst: Das Betriebsergebnis vor Abschreibungen (EBITDA) verringerte sich von EUR 382 Mio. um 14,4 Prozent auf EUR 326,9 Mio. Die EBITDA-Marge ging von 17,6 Prozent auf 15,5 Prozent zurück. Der Jahresüberschuss lag mit EUR 114,9 Mio. um 22,4 Prozent unter dem Vorjahreswert von EUR 148,2 Mio. Das Ergebnis je Aktie belief sich auf EUR 4,63 (2018: EUR 5,61).

More information:
Lenzing
Source:

Lenzing AG

Stephan Trubrich neuer Vice President Capital Markets bei Lenzing
Stephan Trubrich neuer Vice President Capital Markets bei Lenzing
10.03.2020

Stephan Trubrich new Vice President Capital Markets at Lenzing

Stephan Trubrich assumed the new role as Vice President Capital Markets, effective as at March 01, 2020. In his capacity, Trubrich will oversee the Lenzing Group’s capital markets activities, including Investor Relations and ESG (Environmental, Social & Governance) Reporting. He will report directly to Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

Stephan Trubrich has more than 9 years of experience in the field of equity research with Kepler Cheuvreux, UniCredit and Deutsche Bank. For many years, he has been Austria’s top ranked equity analyst. Trubrich holds a Master’s Degree in Science in Accounting and Finance from Aston Business School, UK. He is also a CFA Charterholder.

Stephanie Kniep, Head of Investor Relations, will leave Lenzing, effective as of April 30, 2020 to pursue new endeavors.

Stephan Trubrich assumed the new role as Vice President Capital Markets, effective as at March 01, 2020. In his capacity, Trubrich will oversee the Lenzing Group’s capital markets activities, including Investor Relations and ESG (Environmental, Social & Governance) Reporting. He will report directly to Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

Stephan Trubrich has more than 9 years of experience in the field of equity research with Kepler Cheuvreux, UniCredit and Deutsche Bank. For many years, he has been Austria’s top ranked equity analyst. Trubrich holds a Master’s Degree in Science in Accounting and Finance from Aston Business School, UK. He is also a CFA Charterholder.

Stephanie Kniep, Head of Investor Relations, will leave Lenzing, effective as of April 30, 2020 to pursue new endeavors.

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Lenzing AG

26.02.2020

Lenzing Management Board proposes dividend of EUR 1.00

The Management Board of Lenzing AG, a leading manufacturer of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting a dividend of EUR 1.00 for the 2019 financial year. This dividend proposal reflects the large investments in the growth projects in Thailand and Brazil.

The total dividend payout to shareholders will amount to about EUR 26.6 mn, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 11, 2020 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 16, 2020.

The Management Board of Lenzing AG, a leading manufacturer of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting a dividend of EUR 1.00 for the 2019 financial year. This dividend proposal reflects the large investments in the growth projects in Thailand and Brazil.

The total dividend payout to shareholders will amount to about EUR 26.6 mn, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 11, 2020 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 16, 2020.

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Lenzing AG

Stephan Sielaff and Christian Skilich appointed to the Management Board of the Lenzing Group
Stephan Sielaff and Christian Skilich appointed to the Management Board of the Lenzing Group
21.02.2020

Stephan Sielaff and Christian Skilich appointed to the Management Board of the Lenzing Group

Lenzing expands its Management Board, naming a new CTO and an additional Management Board member for “Pulp and Wood Raw Materials”

The Supervisory Board of Lenzing AG, the world’s leading producer of botanic cellulose fibers, has appointed two new members to the company’s Management Board. Stephan Sielaff will serve as the new Chief Technology Officer effective March 1, 2020, succeeding Heiko Arnold, who left the Lenzing Group in November 2019. At the same time, Lenzing’s highest management body led by Chairman Stefan Doboczky will be expanded to include a newly created Management Board position for “Pulp and Wood Raw Materials” and will thus consist of five members instead of four. Christian Skilich will assume the position of Member of the Management Board for Pulp and Wood Raw Materials as at June 1, 2020.

“In the coming years our focus will be on achieving the strategic target of strongly increasing our own supply of pulp in line with our corporate strategy sCore TEN. By creating this new division, the composition of the Management Board now also reflects this focus”, says Peter Edelmann, Chairman of the Supervisory Board of Lenzing AG.

Lenzing expands its Management Board, naming a new CTO and an additional Management Board member for “Pulp and Wood Raw Materials”

The Supervisory Board of Lenzing AG, the world’s leading producer of botanic cellulose fibers, has appointed two new members to the company’s Management Board. Stephan Sielaff will serve as the new Chief Technology Officer effective March 1, 2020, succeeding Heiko Arnold, who left the Lenzing Group in November 2019. At the same time, Lenzing’s highest management body led by Chairman Stefan Doboczky will be expanded to include a newly created Management Board position for “Pulp and Wood Raw Materials” and will thus consist of five members instead of four. Christian Skilich will assume the position of Member of the Management Board for Pulp and Wood Raw Materials as at June 1, 2020.

“In the coming years our focus will be on achieving the strategic target of strongly increasing our own supply of pulp in line with our corporate strategy sCore TEN. By creating this new division, the composition of the Management Board now also reflects this focus”, says Peter Edelmann, Chairman of the Supervisory Board of Lenzing AG.

Stephan Sielaff is a chemical engineer who gained experience in the chemical industry in the years 1993 to 2014, holding various management positions for Unilever and Symrise. Since 2014, he has worked for the Swiss specialty chemicals company Archroma, an important supplier of the textile and paper industry, as a Member of the Board of Directors and Chief Operating Officer (COO).He has been responsible for forming the integrated operational structure and the strategic development of the company.

Christian Skilich, who will assume management responsibility for the new Pulp and Wood Raw Materials Division in the Lenzing Group, boasts outstanding expertise in the field of paper and pulp technology. With a Master of Science in Paper Technology and Engineering & Economics, he first held various positions in the paper, packaging and glass industries. Since 2004, he has worked in a broad range of management areas on behalf of the internationally operating Mondi Group. Christian Skilich most recently served as Chief Operating Officer on Mondi’s Board of Directors, overseeing projects in the USA and Europe.

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Lenzing AG
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Lenzing AG

Lenzing ramps up production in China again to full capacity
Lenzing ramps up production in China again to full capacity
21.02.2020

Lenzing ramps up production in China again to full capacity

Supply bottlenecks eliminated. All production lines back to full operation.

Following its temporary cutting back of production at the Nanjing site in China, Lenzing has now once again ramped up operations on all production lines to reach full capacity. Recently supply shortages of important raw materials arose as a result of intense transport controls in connection with the current situation surrounding the coronavirus. For this reason, output from two production lines was scaled back for a short time. All production lines are now fully operational again after the successful resumption of the required supplies to the manufacturing facility.

Supply bottlenecks eliminated. All production lines back to full operation.

Following its temporary cutting back of production at the Nanjing site in China, Lenzing has now once again ramped up operations on all production lines to reach full capacity. Recently supply shortages of important raw materials arose as a result of intense transport controls in connection with the current situation surrounding the coronavirus. For this reason, output from two production lines was scaled back for a short time. All production lines are now fully operational again after the successful resumption of the required supplies to the manufacturing facility.

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Lenzing AG

20.12.2019

Lenzing joint venture to build dissolving wood pulp plant in Brazil

  • Investment of approx. USD 1.3 bn in 500,000 t dissolving wood pulp plant
  • Key milestone to structurally strengthen cost leadership position
  • Significant step towards carbon neutrality

The Lenzing Group and Duratex announced that they will build a 500,000 t dissolving wood pulp plant in the State of Minas Gerais, near Sao Paulo (Brazil). The start-up is planned for the first half of 2022. In the joint venture, Lenzing holds a 51 percent, Duratex a 49 percent stake. The expected industrial CAPEX will be approx. USD 1.3 bn. The project is financed through long-term debt. The corresponding financing contracts are expected to be concluded at the end of the first quarter of 2020.

  • Investment of approx. USD 1.3 bn in 500,000 t dissolving wood pulp plant
  • Key milestone to structurally strengthen cost leadership position
  • Significant step towards carbon neutrality

The Lenzing Group and Duratex announced that they will build a 500,000 t dissolving wood pulp plant in the State of Minas Gerais, near Sao Paulo (Brazil). The start-up is planned for the first half of 2022. In the joint venture, Lenzing holds a 51 percent, Duratex a 49 percent stake. The expected industrial CAPEX will be approx. USD 1.3 bn. The project is financed through long-term debt. The corresponding financing contracts are expected to be concluded at the end of the first quarter of 2020.

Key milestone to structurally strengthen cost leadership position
The new dissolving wood pulp plant strengthens the Lenzing Group’s backward integration and cost position as well as its specialty fiber growth in line with its sCore TEN corporate strategy. The single-line dissolving wood pulp plant with an annual nameplate capacity of 500,000 tons will be the largest and most competitive production facility of its kind. Dissolving wood pulp is a key raw material required for manufacturing Lenzing’s biobased fibers. The joint venture will supply the entire volume of dissolving wood pulp to the Lenzing Group.

“Wood-based cellulosic fibers offer an important contribution to enhance sustainability in the textile industry. In line with its corporate strategy sCore TEN, Lenzing is committed to drive organic growth in this market. With this investment, we will become more competitive, act more independently and subsequently strengthen our market position. The trust and support of the main shareholders of Lenzing and Duratex were of great importance for this key project”, states Stefan Doboczky, CEO of the Lenzing Group.

Strong focus on sustainability
In planning the new production facility, particular importance was given to sustainability aspects. The joint venture secured FSC®-certified plantations1 covering an area of over 44,000 hectares to provide the necessary biomass. These plantations operate completely in accordance with the guidelines and high standards of the Lenzing Group for sourcing wood and pulp. The plant will operate among the highest productive and energy-efficient in the world and will feed the 40 percent of excess bioelectricity generated on site as “green energy” into the public grid. With this project, Lenzing sets a milestone in its strategy to carbon neutrality.

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Lenzing AG

Lenzing AG
Lenzing AG
20.12.2019

Lenzing leads Canopy ranking for sustainable wood procurement

“Hot Button Report”, the Canadian non-profit organization Canopy particularly highlights the innovative strength of the Lenzing Group, its active contribution to forest conservation and high level of transparency.

In the “Hot Button Report” issued by the Canadian non-profit organization Canopy, the Lenzing Group was once again rated number one in the world, thus confirming its role as the sustainability trailblazer in the textile industry. In this widely recognized ranking, Canopy grades the world’s 32 largest producers of wood-based fibers with respect to their success in achieving sustainable wood and pulp sourcing. Wood and the pulp derived from it are the most important raw materials underlying Lenzing’s sustainable production of cellulosic fibers.

“Hot Button Report”, the Canadian non-profit organization Canopy particularly highlights the innovative strength of the Lenzing Group, its active contribution to forest conservation and high level of transparency.

In the “Hot Button Report” issued by the Canadian non-profit organization Canopy, the Lenzing Group was once again rated number one in the world, thus confirming its role as the sustainability trailblazer in the textile industry. In this widely recognized ranking, Canopy grades the world’s 32 largest producers of wood-based fibers with respect to their success in achieving sustainable wood and pulp sourcing. Wood and the pulp derived from it are the most important raw materials underlying Lenzing’s sustainable production of cellulosic fibers.

“We are extremely proud of this top ranking. It underlines our leading position as a sustainability trailblazer in the manufacturing sector and in the fiber industry in particular. It gives our customers the confidence that we have created the right structures to prevent the sourcing and use of wood from ancient and endangered forests”, says Stefan Doboczky, CEO of the Lenzing Group. “Environmental protection and the prudent use of resources are an integral part of our responsibility to nature and society”, he adds.

Lenzing primarily convinced the non-profit organization Canopy this year thanks to its innovative strength used to promote the circular economy in the textile industry, its active contribution towards protecting the forests and preserving biodiversity as well as its high level of transparency in pulp sourcing.

Lenzing received a total of 26.5 points (up 3.5 points from the previous year) and was thus given the “light to mid green shirt” rating. This means that in using the wood-based cellulosic fibers produced by the Lenzing Group, there is only a very minimal danger that wood is derived from primeval forests and endangered forest areas. In the Wood and Pulp Policy published by Lenzing, the company confirms that it only sources wood and pulp from non-controversial sources.

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Lenzing AG

06.11.2019

Lenzing solid in a very difficult market environment

  • Continued positive development of the specialty fiber business with a share in revenue of 49.8 percent
  • Focus on expanding specialty fiber and dissolving wood pulp capacities in line with the sCore TEN strategy
  • Growing trade conflicts put the textile value chain under pressure – standard viscose prices at a historic low
  • Investments of EUR 100 mn to achieve ambitious climate targets

The Lenzing Group continued its solid business development in the third quarter of 2019 despite a significantly more challenging market environment. The consistent implementation of the sCore TEN strategy and the focus on specialty fibers again had a positive impact. As a result, the decline in revenue and earnings in the first three quarters of 2019 due to the historically low standard viscose prices was mitigated.

 

  • Continued positive development of the specialty fiber business with a share in revenue of 49.8 percent
  • Focus on expanding specialty fiber and dissolving wood pulp capacities in line with the sCore TEN strategy
  • Growing trade conflicts put the textile value chain under pressure – standard viscose prices at a historic low
  • Investments of EUR 100 mn to achieve ambitious climate targets

The Lenzing Group continued its solid business development in the third quarter of 2019 despite a significantly more challenging market environment. The consistent implementation of the sCore TEN strategy and the focus on specialty fibers again had a positive impact. As a result, the decline in revenue and earnings in the first three quarters of 2019 due to the historically low standard viscose prices was mitigated.

 

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Lenzing AG