Lenzing AG news and archive

Madewell, Reformation and C&A partner with Fiber Club from Circ to accelerate use of recycled textiles

Lifestyle brand Madewell, Los Angeles-based fashion brand Reformation, and European retailer C&A are three of the newest brand partners to join the Fiber Club initiative from Circ, a US-based textile-to-textile recycler. The three new brand partners, together with fiber manufacturer Lenzing and Linz Textil, a European manufacturer of yarns,...

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Lenzing extends Christian Skilich's mandate, appoints Mathias Breuer new CFO

The supervisory board of the Austrian cellulose fibre producer Lenzing AG has extended the mandate of management board member Christian Skilich prematurely by a further three years until May 2029. Skilich, who has been a member of the management board of Lenzing AG since June 2020, as chief pulp and chief technology officer, is responsible for...

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Lenzing reports revenue growth and profitability in H1 2025

Austrian fibre producer Lenzing AG achieved revenue growth in the first half of the 2025 financial year. Thanks to successful reforms, the company has returned to profitability. Recently, however, Lenzing AG has felt the effects of the increasingly difficult economic climate. "In the second quarter, however, international customs measures and...

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Lenzing's Q1 revenues improve by 5.7 percent

The Lenzing Group’s revenue rose by 5.7 percent to 658.4 million euros in the first quarter of 2024 driven by higher fibre sales volumes. The company said in a release that EBITDA for the quarter more than doubled to 71.4 million euros, while EBIT was slightly positive at 1.5 million euros compared with minus 41.4 million euros in the first...

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Lenzing appoints Walter Bickel as chief transformation officer

Lenzing has appointed Dr. Walter Bickel as a member of the managing board and chief transformation officer with effect from April 15, 2024 until December 31, 2025. The company said in a statement that Bickel will be responsible for the further development and implementation of the performance program. Lenzing’s performance program initiated in...

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Lenzing suspends dividend policy for FY23

Lenzing AG expects EBITDA for the 2023 financial year to be in a range of 320 million euros to 420 million euros, assuming a further market recovery in the current financial year. On this basis, the company said in a statement that the company’s managing board of Lenzing AG does not consider the execution of the existing dividend policy of at...

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Lenzing appoints Stephan Sielaff as CEO, Cord Prinzhorn returns as chairman

Lenzing AG has appointed Stephan Sielaff, the former CTO/COO of the company, as the new CEO effective April 01, 2022. He succeeds Cord Prinzhorn, who took over as interim CEO in the fourth quarter of 2021. The company said in a release that Lenzing AG chairman Peter Edelmann will leave the supervisory board effective April 26, 2022 and Cord...