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Lenzing (LNZ) investor relations material
Lenzing Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and EBITDA increased in the first nine months of 2025, driven by strong Q1 performance and cost-saving measures, but Q3 was impacted by market headwinds, weaker fiber demand, and restructuring one-offs.
Strategy refined to focus on premiumization, operational excellence, innovation, and sustainability, with a shift away from commodity segments.
Liquidity position strengthened to nearly EUR 1 billion after refinancing, ensuring solid financial flexibility.
Operational excellence initiatives and cost savings programs are ongoing, with liquidity prioritized for 2025.
Net loss after tax was EUR 105 million, improved from EUR 111.1 million year-over-year.
Financial highlights
Revenue for the first nine months rose by EUR 14 million year-over-year to EUR 1.97 billion, up 0.7%.
EBITDA increased by 29% to EUR 340 million for the nine-month period, supported by cost savings and special gains.
Q3 revenue declined 3% year-over-year; Q3 EBITDA fell by 28% to EUR 72 million, impacted by EUR 13 million in restructuring costs and a non-cash impairment of EUR 82.1 million.
EBIT for the nine months was EUR 20.6 million, down from EUR 38.3 million last year, due to impairment losses.
Free cash flow remained positive at EUR 110.9 million, though down from EUR 194 million in the prior year.
Outlook and guidance
EBITDA for 2025 is expected to exceed 2024 levels, with a target of approximately EUR 550 million by 2027, assuming stable market conditions.
Free cash flow expected to remain positive for 2025, despite typical Q4 one-time items.
Ongoing performance and cost-saving programs are expected to yield over EUR 180 million in annual savings in 2025.
Market visibility remains low, with cautious outlook for generic fiber market in Q4 and ongoing global tariff uncertainties.
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