Apparel Market Recovery and Financial Overview
Lenzing confirms expectation of EBITDA in 2023 to be in the range of EUR
320 mn - 420 mn
Lenzing expects improving operating performance leading to increased EBITDA for Q2-Q4 2023
• First signs of demand recovery accompanied by raw material and energy cost decreases in Q1 2023
Whilst visibility remains restricted, significant upside is expected in Q2-Q4 2023 compared to Q1 2023:
Recently completed expansion projects expected to significantly contribute
⚫ EUR > 70 mn global cost reduction program with increasing positive impact
Further decrease of energy and chemical costs expected
• Increase in fiber revenue due to expected positive price and volume development as well as changes in the
product mix
Operating rates for both fiber and pulp are expected to further increase based on positive development of
operational efficiency
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Assuming a continued market recovery in the current financial year, the Lenzing Group confirms
expectation of EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn
3 May 2023 20
Lenzing
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