Lenzing Investor Presentation 2022 Full-year Results
Many indicators point towards an improved outlook in
early 2023, albeit starting from a low level and risks remain
Macro growth
In January, the IMF raised its 2023 global GDP forecast for the first
time to now +2.9 % YoY
Textile industry
sentiment
Inventories
Fiber demand
Consumer
confidence
Energy and
chemicals cost
SOURCE: IMF; S&P Global; ITMF; CCFG; US Census; GfK; INSEE
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In January survey, global textile industry business expectations
significantly improved
VSF inventories currently below mid-2022 level; US clothing
inventories in December down -9% from Sep/Oct peak
Currently, the operating rate of Asian yarn spinners exceeded ~60 %,
up from ~40 % at year-end and back to mid-2022 level
In late February, consumer sentiment in many countries with positive
trend, but from a low absolute level
European natural gas (day-ahead) currently back under EUR/MWh 50,
caustic soda trending downwards in Q1 2023
09/03/23 - 20
Lenzing
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