EANS-Adhoc: Lenzing AG / Lenzing raises outlook for current financial year EAE

4/21, 7:12 PM (Source: euro adhoc)


Chart for: LENZING AG


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Earnings Forecast

Lenzing - The Lenzing Group got off to a better-than-expected start to the
financial year 2021, with preliminary EBITDA (earnings before interest, tax,
depreciation and amortization) rising by 36.8 percent year-on-year to EUR 94.5
mn in the first quarter of 2021.

Despite the continuing high degree of volatility in the textile sector due to
the COVID-19 pandemic, the Managing Board of the Lenzing Group raises its
guidance for the 2021 financial year: The Lenzing Group expects the operating
result to be at least at the level of the pre-crisis year 2019.

The results of the Lenzing Group for the 1st quarter of the current financial
year will be published on Wednesday, May 05, 2021.

Further inquiry note:
Daniel Winkelmeier
Vice President Corporate Communications a.i.
Lenzing AG
Phone: +43 676 7579843
E-mail: d.winkelmeier@lenzing.com

end of announcement                         euro adhoc

issuer:       Lenzing AG

A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
mail:         office@lenzing.com
WWW:          http://www.lenzing.com
ISIN:         AT0000644505
indexes:      ATX, WBI
stockmarkets: Wien
language:     English

EAX0003    2021-04-21/19:12

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