Highlights 2024
January
- Environmental impacts: first SAC Higg FEM verification including excellent results
February
- Lenzing one of only ten companies worldwide awarded triple-A rating by CDP
- Climate targets updated: Lenzing raises the bar in the fight against the climate crisis
- Material innovation for shoes: Lenzing, Recyc Leather, and GANNI join forces
March
- Lenzing presents its combined Annual and Sustainability Report for 2023
- Innovative concept combines sustainable glacier protection and circular economy for textiles
April
- New on the Managing Board: Walter Bickel appointed Chief Transformation Officer of the Lenzing Group
- Young researchers receive Young Scientist Award
- Social responsibility: Lenzing sets standards in a difficult industry
May
- Strengthening trademark protection: “Only One TENCEL™ Brand” campaign launched
June
- Pulp producer Suzano S/A acquires 15 percent interest in Lenzing AG
- Lenzing receives the Vienna Stock Exchange Sustainability Award again
July
- Scaling of Lyocell filaments: joint research work reforms textile value chain
August
- Highest rating from EcoVadis: Lenzing once again in the top one percent of the most sustainable companies
- Identity of the premium textile brand TENCEL™ modernized
September
- Rohit Aggarwal appointed new Lenzing Group CEO
- Lenzing joint venture LD Celulose successfully issues green bond
- Sustainable glacier protection: Lenzing an award winner at the CNMI Sustainable Fashion Awards 2024
- Together against global plastic pollution: VEOCEL™ brand at the UN’s SEA of Solutions
October
- Lenzing and TreeToTextile join forces to establish next-generation cellulosic fibers
November
- VEOCEL brand™️ and leading nonwovens manufacturer Graminton join forces
December
- Lenzing achieves top position in Canopy’s global “Hot Button Ranking”
- Fiber customers rely on LENZING™ bio-based acetic acid
Selected indicators of the Lenzing Group
|
2024 |
2023 |
Change |
||
|---|---|---|---|---|---|
Revenue |
2,663.9 |
2,521.2 |
5.7% |
||
EBITDA (earnings before interest, tax, depreciation and amortization) |
395.4 |
303.3 |
30.4% |
||
EBITDA margin |
14.8% |
12.0% |
|
||
EBIT (earnings before interest and tax) |
88.5 |
(476.4) |
n/a |
||
EBIT margin |
3.3% |
(18.9)% |
|
||
EBT (earnings before tax) |
(42.0) |
(585.6) |
92.8% |
||
Net profit/loss after tax |
(138.3) |
(593.0) |
76.7% |
||
Earnings per share in EUR |
(4.06) |
(20.02) |
79.7% |
||
ROCE (return on capital employed) |
3.6% |
(14.2)% |
|
||
ROE (return on equity) |
(2.4)% |
(30.1)% |
|
||
ROI (return on investment) |
1.7% |
(8.9)% |
|
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|
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Key cash flow figures |
|
|
EUR mn |
||
|
2024 |
2023 |
Change |
||
Gross cash flow |
140.4 |
88.5 |
58.7% |
||
Cash flow from operating activities |
322.5 |
160.3 |
101.2% |
||
Free cash flow |
167.0 |
(122.8) |
n/a |
||
CAPEX |
156.3 |
283.6 |
(44.9)% |
||
Liquid assets as at 31/12 |
451.7 |
731.0 |
(38.2)% |
||
Unused credit facilities as at 31/12 |
198.1 |
203.0 |
(2.4)% |
||
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|
|
|
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Key balance sheet figures |
EUR mn as at 31/12 |
||||
|
2024 |
2023 |
Change |
||
Total assets |
4,976.8 |
5,214.6 |
(4.6)% |
||
Adjusted equity |
1,725.9 |
1,809.1 |
(4.6)% |
||
Adjusted equity ratio |
34.7% |
34.7% |
|
||
Net financial debt |
1,532.5 |
1,562.6 |
(1.9)% |
||
Net financial debt/EBITDA |
3.9 |
5.2 |
(24.8)% |
||
Net financial debt incl. lease liabilities |
1,656.3 |
1,704.7 |
(2.8)% |
||
Net debt |
1,732.2 |
1,779.5 |
(2.7)% |
||
Net gearing |
88.8% |
86.4% |
|
||
Trading working capital |
578.0 |
551.1 |
4.9% |
||
Trading working capital to annualized group revenue |
20.5% |
21.0% |
|
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Key stock market figures |
|
|
EUR |
||
|
2024 |
2023 |
Change |
||
Market capitalization in mn as at 31/12 |
1,139.2 |
1,372.9 |
(17.0)% |
||
Share price as at 31/12 |
29.50 |
35.55 |
(17.0)% |
||
Dividend per share |
0.00 |
0.00 |
n/a |
||
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|
|
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Employees |
|
|
|
||
|
2024 |
2023 |
Change |
||
Full-time equivalents (FTE) as at 31/12 |
7,816 |
7,917 |
(1.3)% |
||
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