Lenzing AG (WBO:LNZ)
€ 30.2 -0.45 (-1.47%) Market Cap: 1.17 Bil Enterprise Value: 2.66 Bil PE Ratio: 0 PB Ratio: 0.95 GF Score: 75/100
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Q3 2024 Lenzing AG Earnings Call Transcript

Nov 7, 2024 / 10:59 AM GMT
Release Date Price: €31.75 (+0.79%)

Key Points

Positve
  • Lenzing AG (LNZNF) reported a 5% increase in revenue, reaching EUR 647 million in Q3 and nearly EUR 2 billion for the first nine months of 2024.
  • EBITDA significantly increased by 20% in Q3 and 80% in the first nine months, indicating strong operational performance.
  • The company's holistic performance program is yielding positive results, contributing to revenue growth and cost excellence.
  • Free cash flow was positive for the fifth consecutive quarter, showing a strong financial position.
  • Lenzing AG (LNZNF) successfully increased the share of specialty fibers by 14 percentage points, now accounting for 94% of their product mix, enhancing margins.
Negative
  • Global apparel retail sales were slightly below the same period last year, with Chinese consumers particularly reluctant to buy high-priced clothing.
  • Generic fiber prices remain under pressure, and input costs are still elevated compared to 2020, impacting profitability.
  • Net loss attributable to Lenzing shareholders amounted to EUR 135.1 million, partly due to tax expenses from the withdrawal from the Austrian tax group.
  • The company faces challenges in achieving a premium for certain fiber types due to current market conditions.
  • Market visibility remains low, and there is uncertainty regarding the timing of a full market recovery, particularly in the generic fiber market.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LENV.VI - Lenzing AG
Q3 2024 Lenzing AG Earnings Call
Nov 07, 2024 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to the presentation of Lenzing's results of the first nine months of 2024. Before we begin, I would just like to introduce myself. My name is Rohit Geral and I'm the new CEO of Lenzing since 1st of September.

I'm a strategic business economist and global manager with several decades of experience in leading positions in textile, non bos the chemical industry and I've held positions in Europe in America and Asia.

Thanks to my broad experience, I'm quite well versed with Lenzing's core business in all its facets, both in terms of content and geography.

I'm very excited about the start and I've had some impressions that have been extremely positive. I had the opportunity to already meet many of Lenzing
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