EQS-Ad-hoc: Lenzing AG / Key word(s): Annual results Lenzing AG: Special depreciation affects the result (EBIT) for the 2023 financial year; Confirmation and specification of the earnings forecast (EBITDA) January 23, 2024 / 6:05 p.m. CET/CEST Publication of insider information in accordance with Article 17 of Regulation (EU) No. 596/2014, transmitted by EQS News – a service of EQS Group AG. The issuer/publisher is responsible for the content of the message. ═════════════════════════════════════════ ═════════ ════════════════════════ Lenzing – The annual evaluation of the valuation of assets according to IFRS of the entire Lenzing Group both nationally in Austria and internationally has revealed a need for impairment , which will lead to special depreciation of up to EUR 480 million for the 2023 financial year.(1)^(1) The reasons for the need for impairment are, on the one hand, ongoing uncertainties in the economic environment and, on the other hand, continued increased raw material and energy costs as well as increased discount rates due to the changed interest rate environment. The special depreciation is non-cash and has no impact on the full-year EBITDA 2023, but does affect the EBIT for the 2023 financial year. For the 2023 financial year, the Management Board has specified the previous earnings forecast (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 Telephone +43 7672 701 2743 Telephone + 43 7672 701 3599 Email (2)media@lenzing.com E-Mail (4)s.knus@lenzing.com
Web (3) www.lenzing.com Web (5) www.lenzing.com
(6)^(1) Subject to further changes due to the ongoing audit End of insider information ═════════════════════════════════ ═════════════════════════════════════════ 01/23/2024 CET/CEST notification transmitted by the EQS Group AG.
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═════════════════════════════════════════ ═════════ ════════════════════════ Language: German Company: Lenzing AG 4860 Lenzing Austria Telephone: +43 7672-701-0 Fax: +43 7672-96301 Email: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505 Indices: ATX Exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1821349 End of message EQS News Service 1821349 01/23/2024 CET/CEST References Visible links 1. file:///appl/crs1/tmp/HTML-FormatExternal-ppgPHR.html#_ftn1
2. media@lenzing.com
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4. s.cosy@lenzing.com
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