Lenzing Group's Q1 2024 Earnings: Significant Revenue and Profit Growth

• Lenzing Group reported a 5.7 percent increase in revenue to EUR 658.4 million in Q1 2024 compared to the same period in the previous year.
• EBITDA more than doubled year-on-year to EUR 71.4 million.
• Free cash flow was positive for the third consecutive quarter at EUR 87.3 million, compared to minus EUR 132.3 million in Q1 2023.
• The company's performance program had a positive effect on revenue, EBITDA, and free cash flow.
• Lenzing confirmed its EBITDA guidance for 2024.
• Walter Bickel was appointed as a member of the Managing Board and Chief Transformation Officer of Lenzing AG, effective from April 15, 2024.

The next important date, Quarterly report, at Lenzing is on 08.05.2024.

The price of Lenzing at the time of the news was 30,93EUR and was down -0,16 % compared with the previous day.
18 minutes after the article was published, the price was 30,85EUR this corresponds to a minus of -0,24 % since publication.

Lenzing

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ISIN:AT0000644505WKN:852927

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