Lenzing AG Completes Capital Increase Successfully

Lenzing Aktiengesellschaft has finalized its capital increase, raising approximately EUR 301.2 million. The company issued 34,756,362 new shares, with a 99% subscription ratio achieved through a rights offering. Notable subscriptions came from a syndicate including B&C Group and Suzano S.A., accounting for over half of the shares. Proceeds will enhance Lenzing's "Grow Nonwovens, Reset Textiles" strategy and reinforce their financial structure.

The strategy will focus on expanding the nonwovens business and strengthening the textiles sector. The company aims for medium-term growth, targeting a EUR 150 million increase in EBITDA and reducing leverage below 2.5x EBITDA. Trading of the new shares on the Vienna Stock Exchange is set for October 23, 2026.