Lenzing completes EUR 301.2 million capital increase for Lenzing stock

Published on 10/27/2026 at 10:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Capital increase reached EUR 301.2 million on October 21, 2026. Lenzing stock costs EUR 9.99 on October 27, 2026 after an EUR 8.65 offer.

Capital structure and future dates

The rights offering reached a 99 percent subscription rate on October 21, 2026.
Lenzing targets EUR 150.0 million of additional EBITDA over the medium term.
Lenzing stock trades at EUR 9.99 at 10:46 a.m. CEST at Lang & Schwarz on October 27, 2026.
Berenberg set a EUR 17.00 price target on October 2, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing stock (ISIN AT0000644505) was trading at EUR 9.99 at Lang & Schwarz on October 27, 2026 at 10:46 a.m. CEST. The company completed a EUR 301.2 million capital increase on October 21, 2026, according to OTS.

Capital increase sets the near-term frame

The transaction created 34,756,362 new shares at a subscription price of EUR 8.65. Existing holders subscribed for 34,411,626 shares, equal to a 99 percent exercise ratio, while the proceeds are intended to support Lenzing's Grow Nonwovens, Reset Textiles strategy and strengthen its capital structure, the company said in the October 21 release.

FashionNetwork reported on October 26, 2026 that management is targeting EUR 150.0 million of additional EBITDA over the medium term, an EBITDA margin of 20 to 25 percent and net leverage below 2.5 times EBITDA. These targets make the capital raised a financing measure with an operational test attached.

What does the new capital fund?

Lenzing plans to expand its nonwovens business, refocus textiles on premium segments and customer partnerships, and strengthen its pulp and biorefinery operations. The company reported EUR 2.60 billion in revenue for fiscal year 2025 in the October 21 release, providing a historical scale for the transformation program.

Three dates mark the financing sequence

On October 1, 2026, Lenzing announced a EUR 300.0 million rights offering with 34,756,362 new shares, as MarketScreener reported. On October 20, 2026, 34,411,626 shares had been subscribed, equal to 99 percent, according to MarketScreener.

The current event followed those milestones: Lenzing announced completion on October 21, 2026, with EUR 301.2 million in gross proceeds and 34,756,362 new shares. The next reporting date is November 4, 2026, when third-quarter results are scheduled, according to MarketScreener.

Analyst target remains higher

On October 2, 2026, Berenberg downgraded Lenzing from Buy to Hold and set a EUR 17.00 price target, according to Markets Insider. The rating puts the financing plan alongside a more cautious view of earnings prospects.

Vienna listing and current quote

The new shares trade under the existing ISIN on the Vienna Stock Exchange, and Lenzing is included in the ATX. Lenzing was trading at EUR 9.99 at Lang & Schwarz on October 27, 2026 at 10:46 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.