Lenzing completes rights issue: Lenzing stock sits 64.22 percent below EUR 29.60 high

Published on 10/23/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The offering drew 34,411,626 subscriptions at EUR 8.65 on October 21. Lenzing stock costs EUR 10.59 on October 23, 2026 versus EUR 10.54.

Capital and margin targets

The offering reached a 99.00 percent subscription ratio on October 21, 2026.
Lenzing targets an EBITDA margin of 20 to 25 percent over the medium term.
Lenzing stock trades at EUR 10.59 at 10:04 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.47 percent above the Xetra close of October 22, 2026.
The next earnings release is scheduled for November 4, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing (ISIN AT0000644505) was trading at EUR 10.59 at Lang & Schwarz on October 23, 2026 at 10:04 a.m. CEST, up 0.47 percent versus the Xetra close of October 22, 2026 at EUR 10.54. The company completed a rights offering that attracted 34,411,626 subscriptions for new shares, or 99.00 percent of the 34,756,362 shares offered, according to MarketScreener on October 21, 2026.

Capital strengthens the balance sheet

The transaction is designed to generate EUR 301.2 million in gross proceeds. The new shares were offered at EUR 8.65 each, while the unsubscribed portion was sold in the market by the managing banks, according to the same October 21 release.

For investors, the key issue is the use of that capital. Lenzing said the proceeds will support its Grow Nonwovens, Reset Textiles strategy and strengthen its capital structure. The company aims to lift EBITDA by EUR 150 million over the medium term, reach an EBITDA margin of 20 to 25 percent and reduce net leverage below 2.5 times EBITDA.

What does the margin target mean?

The financing event improves the capital base, but it does not by itself demonstrate higher operating earnings. Historical context from the company release lists fiscal year 2025 revenue of EUR 2.60 billion, while the current plan depends on stronger nonwovens growth, premium textile products and the profitable pulp and biorefinery business.

Three steps define the next phase

On October 1, 2026, Lenzing announced the EUR 301.2 million capital increase with 34,756,362 new shares. On October 2, 2026, Berenberg cut its rating from Buy to Hold and reduced its price target from EUR 29.50 to EUR 17.00, citing weaker-than-expected earnings effects from higher cotton and viscose prices, as reported by Stock-World on October 4, 2026. On October 21, 2026, the offering reached 99.00 percent subscriptions and gross proceeds of EUR 301.2 million.

Next dates are already scheduled

Settlement, delivery and the start of trading in the new shares under ISIN AT0000644505 are expected on October 23, 2026, subject to registration, according to MarketScreener. The next earnings release is listed for November 4, 2026.

Stock remains below its yearly high

Lenzing's reference price of EUR 10.59 is EUR 19.01 below the 52-week high of EUR 29.60 and above the 52-week low of EUR 9.98. The market capitalization stood at EUR 407.0 million as of October 23, 2026.

Lenzing was trading at EUR 10.59 at Lang & Schwarz on October 23, 2026 at 10:04 a.m. CEST, 0.47 percent above the Xetra close of October 22, 2026 at EUR 10.54. The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.