Lenzing AG

Lenzing is engaged in supplying the global textile and nonwovens industries with man-made cellulose fibers and is a supplier in many business-to-business markets. The portfolio ranges from dissolving pulp, standard and specialty cellulose fibers to high-quality plastic polymer products and engineering services. Co.'s operations are divided into three segments: Fibers, which produces and markets man-made cellulose fibers for the textile and nonwovens industry; Plastics, which produces weaving, labelling films, laminates and woven fabrics; Engineering, which implement projects, supply plant and equipment and provide services arond the world.
  • TickerLNZ
  • ISINAT0000644505
  • ExchangeVienna Stock Exchange
  • SectorChemicals
  • CountryAustria

Analysts

Raiffeisen Centrobank Equity Daily 28.01.2020

Raiffeisen Centrobank Equity Daily 28.01.2020  AT: Lenzing - Profit warning for 2019 on weak viscose prices, US impairment (negative)  AT: UNIQA, VIG - Both Austrian insurers in shortlist of bidders for Axa Assets in PL, CZ and SK (neutral)  HU: MOL - Polish fuel retail market is of interest for MOL (neutral)  PL: Telecoms - Changes in the proposed auction rules in the second consultation round (neutral)  RO: Digi Communications - To issue bonds up to EUR 800 mn to refinance current debt outstanding (neutral)  SI: NLB Group - Slovenian PM resigned (neutral)  CEE Macro Daily

Teresa Schinwald

Lenzing Company News - Profit warning for 2019 on weak viscose, US impairment

Yesterday evening Lenzing issued a profit warning due to weak fundamentals for viscose prices, which hit an all-time-low in December 2019, when they averaged CNY 9,792/t, and the impairment of engineering works at the mothballed 90 kt lyocell plant construction project in the U.S. Management published preliminary, unaudited 2019 results of sales of EUR 2.11 bn, down 3% yoy, EBITDA of EUR 327 mn (-14% yoy) and net income before minorities of EUR 114 mn (down 23% yoy). These preliminary results are not only below guidance but undershoot our and consensus expectations by a wide margin.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Due to a more favourable environment, LENZING AG slightly increases to Slightly Negative

LENZING AG (AT), a company active in the Specialty Chemicals industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Slightly Negative even if it remains under pressure. As of the analysis date August 6, 2019, the closing price was EUR 86.40 and its target price was estimated at EUR 77.33.

Expert Corporate Governance Service (ECGS)

Lenzing April 17th, 2019

General: The Lenzing Group is an international producer of high-quality fibers and filaments from the renewable raw material wood with environmentally friendly and innovative technologies. These fibers form the basis for a wide range of textile and nonwoven applications, and are also used in work and protective wear and in industrial applications. As of 31 December 2018, B&C Privatstiftung via B&C Industrieholding GmbH held 50% + 2 shares and Oberbank AG held 3.8% of the Company's shares.In financial year 2018, Group revenues decreased by 3.7% to EUR 2.2bn, EBIT decreased by 36.0% to EUR 237....

Raiffeisen Centrobank Equity Daily 28.01.2020

Raiffeisen Centrobank Equity Daily 28.01.2020  AT: Lenzing - Profit warning for 2019 on weak viscose prices, US impairment (negative)  AT: UNIQA, VIG - Both Austrian insurers in shortlist of bidders for Axa Assets in PL, CZ and SK (neutral)  HU: MOL - Polish fuel retail market is of interest for MOL (neutral)  PL: Telecoms - Changes in the proposed auction rules in the second consultation round (neutral)  RO: Digi Communications - To issue bonds up to EUR 800 mn to refinance current debt outstanding (neutral)  SI: NLB Group - Slovenian PM resigned (neutral)  CEE Macro Daily

Teresa Schinwald

Lenzing Company News - Profit warning for 2019 on weak viscose, US impairment

Yesterday evening Lenzing issued a profit warning due to weak fundamentals for viscose prices, which hit an all-time-low in December 2019, when they averaged CNY 9,792/t, and the impairment of engineering works at the mothballed 90 kt lyocell plant construction project in the U.S. Management published preliminary, unaudited 2019 results of sales of EUR 2.11 bn, down 3% yoy, EBITDA of EUR 327 mn (-14% yoy) and net income before minorities of EUR 114 mn (down 23% yoy). These preliminary results are not only below guidance but undershoot our and consensus expectations by a wide margin.