5. Revenue

The breakdown of revenue is shown in the segment report (see note 4, in particular information on products and services as well as geographic regions).

Revenue results exclusively from contracts with customers in accordance with IFRS 15 (Revenue from Contracts with Customers). Revenue comprises all income generated by the typical business activities of the Lenzing Group.

Income is recognized at a point in time, and thus when ownership of the product has been transferred to the customer (i.e. with the transfer of risks), the amount of income and the related costs can be reliably determined and the economic benefits from the transaction will probably flow to the Group.

Since all performance obligations in the Lenzing Group have a term of a maximum of one year, the remaining performance obligations are not disclosed.

Contract liabilities are presented under other liabilities and consist mainly of down payments received of EUR 19,508 thousand (December 31, 2024: EUR 18,830 thousand) and accruals for discounts and rebates of EUR 5,961 thousand (December 31, 2024: EUR 4,033 thousand) (see note 32). The amount of EUR 18,738 thousand included in contract liabilities as at December 31, 2024 has been recognized as revenue in 2025 (2024: EUR 11,479 thousand).