Lenzing Draws 30 Suitors for Heiligenkreuz as Deutsche Bank Lifts Target to EUR 14.30
Published on 11/10/2026 at 10:01 | Editorial boerse-global.de
Deutsche Bank has raised its price target on Lenzing from EUR 12.70 to EUR 14.30, keeping a "Hold" rating on the Austrian fibre maker. The upgrade, issued yesterday, reflects stronger underlying profitability in the third quarter — though the bank cautioned that the recovery is not yet complete.
The improved margin picture sits alongside a still-unresolved bottom line. For the first nine months of 2026, Lenzing posted revenue of EUR 1.93 billion and adjusted EBITDA of EUR 353 million, lifting the adjusted EBITDA margin to 18.3%. Unadjusted EBITDA came in at EUR 316.4 million after restructuring charges of EUR 36.6 million weighed on the figure. Net of tax, the group recorded a loss of EUR 130.3 million.
Third-Quarter Momentum
The three months to September delivered adjusted EBITDA of EUR 113.8 million, with the adjusted margin climbing to 17.3% from 13.3% in the prior-year quarter. Lenzing reaffirmed its full-year 2026 guidance of EUR 430 million to EUR 460 million in adjusted EBITDA, a range that frames expectations for the closing quarter.
Should investors sell immediately? Or is it worth buying Lenzing?
Beyond the earnings release, the group has set out a timetable for reshaping its production footprint. Production at Heiligenkreuz will cease by the end of Q1 2027, while the Grimsby site is slated to halt output by the end of 2027.
Buyer Shortlist Due Mid-November
The Heiligenkreuz plant has drawn roughly 30 interested buyers, according to ORF. That pool is to be narrowed in mid-November, with a decision on whether a purchaser will continue operating the site expected by year-end — otherwise closure looms. Lenzing confirmed the production end-date at Heiligenkreuz through the end of March 2027.
Ad
Lenzing Stock: New Analysis - 10 November
Fresh Lenzing information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
