Lenzing Lines Up EUR 300 Million in Fresh Funding While Heiligenkreuz Sale Call Slips to Year-End
Published on 11/12/2026 at 10:31 | Editorial boerse-global.de
Lenzing has bought itself more financial room to manoeuvre, agreeing roughly EUR 300 million in additional financing even as it races a year-end deadline to decide whether its Heiligenkreuz plant has a future. The company said on 5 November that about half of the new funding was already contractually secured, with the remainder to follow. That sum sits alongside the roughly EUR 300 million capital increase completed in October.
The fresh liquidity arrives as the fibre maker works through a multi-front restructuring of its production footprint. At Heiligenkreuz, several non-binding purchase offers are on the table, and management is still weighing whether any of them amounts to an economically viable sale. Should none clear that bar, the fallback remains the previously announced halt of production at the site at the end of the first quarter of 2027. The verdict is due before the calendar turns.
Two other sites are moving on separate tracks. Lenzing confirmed it is pressing ahead with the sale process for its Indonesian fibre production facility, while options are also being examined for Grimsby, where output is slated to stop by the end of 2027. The three locations therefore carry three distinct timetables, with Heiligenkreuz the first to reach a decision point.
Should investors sell immediately? Or is it worth buying Lenzing?
Nine-Month Figures and the Full-Year Target
The funding and divestment updates came as Lenzing reported revenue of EUR 1.93 billion for the first nine months of 2026, generating adjusted EBITDA of EUR 353 million — a margin of 18.3%. The bottom line, however, stayed in the red, with a net loss of EUR 130.3 million for the period.
For the full year, the group is guiding to adjusted EBITDA of between EUR 430 million and EUR 460 million. Shares in Lenzing were down 0.4% on the day, with the market still waiting on the Heiligenkreuz decision.
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