4. Segment report
The reportable segments are the “Division Fiber”, “Division Pulp” and “Others”. The Lenzing Group classifies its segments based on the differences between their products, which require individual technologies and market strategies.
The Division Fiber produces all three generations of regenerated cellulosic fibers and markets them under the product brands TENCEL™, VEOCEL™, LENZING™ ECOVERO™ and LENZING™. The products made from lyocell, modal and viscose fibers are used for the production of textiles as well as nonwovens and special applications.
The Division Pulp produces and procures dissolving pulp, which is the necessary primary and intermediate product for fiber production. The pulp is used for the company’s own cellulosic fiber production and marketed externally. The fiber and pulp production plants are used and managed independently of each other.
“Others” mainly comprises central headquarters functions, cross-divisional activities and the business activities of BZL – Bildungszentrum Lenzing GmbH, Lenzing (training and personnel development).
2025 |
Division Fiber |
Division Pulp |
Other |
Segment total |
Reconciliation |
Group |
||||
|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
1,897,791 |
701,649 |
2,992 |
2,602,432 |
0 |
2,602,432 |
||||
Inter-segment revenue |
285 |
602,689 |
0 |
602,975 |
(602,975) |
0 |
||||
Total revenue |
1,898,076 |
1,304,338 |
2,992 |
3,205,407 |
(602,975) |
2,602,432 |
||||
|
|
|
|
|
|
|
||||
Cost of sales |
(1,844,127) |
(1,025,284) |
(11,152) |
(2,880,563) |
616,508 |
(2,264,056) |
||||
Selling expenses |
(173,557) |
(99,936) |
(10,342) |
(283,835) |
2,898 |
(280,937) |
||||
|
|
|
|
|
|
|
||||
EBITDA (segment result) |
108 |
451,537 |
(51,640) |
400,005 |
13,024 |
413,029 |
||||
EBIT |
(184,431) |
249,618 |
(60,611) |
4,576 |
13,024 |
17,600 |
||||
|
|
|
|
|
|
|
||||
Amortization of intangible assets, depreciation of property, plant and equipment and right-of-use assets, and depletion of biological assets |
(185,798) |
(202,161) |
(9,189) |
(397,148) |
0 |
(397,148) |
||||
Thereof impairment |
(81,953) |
0 |
0 |
(81,953) |
0 |
(81,953) |
||||
Other material non-cash income (+) |
(7,834) |
6,401 |
(23,578) |
(25,012) |
0 |
(25,012) |
||||
CAPEX |
62,485 |
77,306 |
4,232 |
144,023 |
(2,940) |
141,083 |
||||
|
|
|
|
|
|
|
||||
EBITDA margin1 |
0.0% |
34.6% |
n/a |
12.5% |
– |
15.9% |
||||
EBIT margin2 |
(9.7)% |
19.1% |
n/a |
0.1% |
– |
0.7% |
||||
|
||||||||||
2024 |
Division |
Division |
Other |
Segment total |
Reconciliation |
Group |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
2,033,002 |
627,557 |
3,339 |
2,663,898 |
0 |
2,663,898 |
||||||||
Inter-segment revenue |
469 |
754,0491 |
0 |
754,5181 |
(754,518)1 |
0 |
||||||||
Total revenue |
2,033,471 |
1,381,6061 |
3,339 |
3,418,4171 |
(754,518)1 |
2,663,898 |
||||||||
|
|
|
|
|
|
|
||||||||
Cost of sales |
(1,853,060) |
(828,558) |
(3,530) |
(2,685,148) |
529,304 |
(2,155,843) |
||||||||
Selling expenses |
(191,707) |
(105,365) |
(4,543) |
(301,615) |
1,113 |
(300,501) |
||||||||
|
|
|
|
|
|
|
||||||||
EBITDA (segment result) |
32,838 |
436,277 |
(52,495) |
416,619 |
(21,193) |
395,426 |
||||||||
EBIT |
(68,692) |
243,696 |
(65,307) |
109,696 |
(21,193) |
88,503 |
||||||||
|
|
|
|
|
|
|
||||||||
Amortization of intangible assets, depreciation of property, plant and equipment and right-of-use assets, and depletion of biological assets |
(102,855) |
(192,816) |
(13,093) |
(308,764) |
0 |
(308,764) |
||||||||
Thereof impairment |
(3,751) |
0 |
0 |
(3,751) |
0 |
(3,751) |
||||||||
Other material non-cash income (+) and expenses (-) |
33,531 |
42,199 |
(1,133) |
74,598 |
|
74,598 |
||||||||
CAPEX |
78,977 |
75,984 |
1,274 |
156,235 |
(2,474)4 |
153,7614 |
||||||||
|
|
|
|
|
|
|
||||||||
EBITDA margin2 |
1.6% |
31.6%1 |
n/a |
12.2%1 |
– |
14.8% |
||||||||
EBIT margin3 |
(3.4)% |
17.6%1 |
n/a |
3.2%1 |
– |
3.3% |
||||||||
|
||||||||||||||
The other significant non-cash operating expenses and income relate to non-cash measurement effects from biological assets, receivables, inventories and provisions.
The performance of the segments and the Group is measured by EBITDA (earnings before interest, tax, amortization of intangible assets, depreciation on property, plant and equipment and right-of-use assets and depletion of biological assets and before income from the reversal of investment grants).
Information on products and services
Revenue from external customers can be classified by products and services as follows:
|
2025 |
2024 |
||
|---|---|---|---|---|
Regenerated cellulosic fibers |
1,833,233 |
1,965,253 |
||
Co-products of fiber production |
57,661 |
63,406 |
||
Other |
6,898 |
4,343 |
||
Division Fiber |
1,897,791 |
2,033,002 |
||
|
|
|
||
Pulp |
524,183 |
456,732 |
||
Biorefinery-products and energy |
112,216 |
111,613 |
||
Mechanical and plant engineering, engineering services, wood and other |
65,250 |
59,212 |
||
Division Pulp |
701,649 |
627,557 |
||
|
|
|
||
Other |
2,992 |
3,339 |
||
Revenue as per consolidated statement of profit or loss |
2,602,432 |
2,663,898 |
||
|
||||
Meets the disclosure requirement ESRS 2 SBM-1 40b as outlined in the European Sustainability Reporting Standards (ESRS).
No single external customer is responsible for more than 10 percent of external revenue.
Information on geographic regions
The following table provides a classification of revenue from external customers by sales market by geographic area.
|
2025 |
2024 |
|---|---|---|
Austria |
88,979 |
88,155 |
Europe (excl. Austria, incl. Turkey) |
674,714 |
751,711 |
Asia |
1,581,918 |
1,571,470 |
America (North, Central and South America) |
242,520 |
237,712 |
Rest of the world |
14,300 |
14,850 |
Revenue as per consolidated statement of profit or loss |
2,602,432 |
2,663,898 |
Revenue is allocated according to the geographic region of the customer.
The following table shows non-current assets (excluding other investments and tax assets; reconciled to the consolidated figures for total non-current assets) by geographic region:
|
31/12/2025 |
31/12/2024 |
|---|---|---|
Austria |
782,422 |
791,232 |
Europe (excl. Austria, incl. Turkey) |
205,301 |
205,406 |
Asia |
498,995 |
676,135 |
America (North, Central and South America) |
1,418,350 |
1,637,294 |
Subtotal |
2,905,067 |
3,310,067 |
|
|
|
Reconciliation to consolidated figures |
70,384 |
58,298 |
Consolidated total |
2,975,452 |
3,368,365 |
The above amounts cover all segments of the Lenzing Group. Additional information on the segments is provided in the management report of the Lenzing Group as at December 31, 2025.