Letter from the Chief Executive Officer
Dear Ladies and Gentlemen,
As expected, 2024 was a challenging year for the Lenzing Group. However, thanks to enormous efforts on the part of our team, we achieved a significant recovery in fiber sales despite the weak market situation. At the same time, we can be pleased with a consistently strong performance in pulp. These successes clearly show that we implemented the right measures in time. For this reason, our business performed better in 2024 than in 2023. Nevertheless, the markets remain challenging and uncertain, and fiber prices have not yet fully recovered. As a consequence, we will continue to work hard on the turnaround.
Furthermore, we face a much greater challenge that affects not only Lenzing but the entire industry and society. To preserve our livelihoods and those of future generations, the global textile and nonwovens industry must successfully transition to sustainable production. Although the necessary technologies and capacities are gradually coming to market, only limited progress has been made on a global scale to date. How can it be that in 2024 we are still generating such large amounts of waste and enormous volumes of carbon emissions, and using resources inefficiently and senselessly?
At Lenzing, we have the know-how and experience to produce fibers on a large scale from renewable raw materials, and to utilize them sustainably. To really make a difference, we need to move towards industry-wide collaboration with binding commitments and specific actions. Tackling climate change is a business imperative. This is certainly a challenge, but also an opportunity. Let us join forces to take advantage of it together!
For this reason, this report is not only a review but above all a call to action and an entry point to positive change in the textile and nonwovens industry: ACTIVATE TRANSFORMATION HERE! Join us, get informed, talk to us about your wishes and ideas. The HERE is the gateway to our solutions, our products, our service, and our know-how.
As a leading integrated fiber group, Lenzing will continue to be the driving force in the industry.
At Lenzing, we have the know-how and experience to produce fibers on a large scale from renewable raw materials, and to utilize them sustainably.
After the long crisis, Lenzing’s results and returns are still not satisfactory. However, the trend shows that we are on the right track and our measures are working. What has been achieved should be an incentive for further, even greater progress. Without a doubt, we face strong headwinds in this process. But you can also sail with headwinds. And the partners who are ahead here will also benefit the most – ecologically, socially, and above all economically.
At this point, I would like to thank our customers and our shareholders for their trust. A big thank you is also due to our partners and last, but not least, to the Lenzing Group’s 8,000 employees, who have once again outdone themselves this year.
A big thank you to customers and partners, shareholders and, last but not least, the total of
employees of the Lenzing Group.
Let our innovative projects bring your new ideas into reality and let us rethink structures and processes together to ensure positive change, so that the industry that has brought us such great prosperity also contributes to preserving it. Remember: You are only one click away from positive change:
ACTIVATE TRANSFORMATION HERE!
Sincerely,
Rohit Aggarwal
Chief Executive Officer