EQS-Ad-hoc: Lenzing AG / Key word(s): Annual Results
Lenzing AG: Impairment requirements (EBIT) for the financial year 2023;
confirmation and specification of earnings forecast (EBITDA)
23-Jan-2024 / 18:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Lenzing – The annual valuation of assets in accordance with IFRS for the
entire Lenzing Group, both nationally in Austria and internationally, has
resulted in a projected asset impairment of up to EUR 480 million for the
2023 financial year.(1)^(1) The reasons for the impairment requirements
are, on the one hand, continued uncertainties in the economic environment
and, on the other hand, still increased raw material and energy costs as
well as a higher interest rate environment.
The impairment losses are non-cash effective and have no impact on the
full-year EBITDA for 2023, but do affect EBIT for the 2023 financial year.
The Managing Board is specifying the previous earnings forecast for the
2023 financial year (EBITDA: EUR 270 – 330 million) and expects an EBITDA
of around EUR 300 million.
Your contact for
Public Relations: Investor Relations:
Dominic Köfner Sébastien Knus
Vice President Corporate Communications & Vice President Capital Markets
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
Phone +43 7672 701 2743 Phone +43 7672 701 3599
E-mail (2)media@lenzing.com E-mail (4)p.knus@lenzing.com
Web (3) www.lenzing.com Web (5) www.lenzing.com
(6)^(1) Subject to potential changes resulting from the ongoing financial
audit
End of Inside Information
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23-Jan-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1821349
End of Announcement EQS News Service
1821349 23-Jan-2024 CET/CEST
References
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2. media@lenzing.com
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4. s.cosy@lenzing.com
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