Lenzing's Heiligenkreuz Mill to Stay Fully Staffed Through March 2027 as Deutsche Bank Trims Target to EUR 12.70
Published on 11/03/2026 at 04:40 | Editorial boerse-global.de
Lenzing has moved to take the uncertainty out of one of its most closely watched industrial sites. Managing director Bernd Zauner said on Friday that the textile fibre plant in Heiligenkreuz will keep running at full staffing levels until the end of March 2027 — a commitment that stretches past the expected start of the bidding phase in the site's sale process, which media reports indicate will get under way in November.
That timeline matters because it fixes both the production run and the headcount at the facility while the next stage of the divestment unfolds. The offer phase is the next scheduled milestone in the sales process.
Deutsche Bank Slashes Valuation, Keeps Neutral Stance
Analysts at Deutsche Bank Research cut their price target on Lenzing shares to EUR 12.70 from EUR 22.00 on 28 October. The brokerage left its rating at "Hold," so the sharp reduction in the target came without any change to its investment recommendation.
The revised target lands as investors await the group's next set of numbers. Lenzing is scheduled to publish its third-quarter 2026 results on 5 November 2026, the next entry in its financial calendar.
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Syndicate Retains 52.25% After Cash Call
The shareholder syndicate of B&C Group and Suzano S.A. continues to hold roughly 52.25% of voting rights following the capital increase completed about two weeks ago, according to a company statement issued on Thursday. B&C Group accounts for 39.6%, while Suzano International Trade GmbH holds 12.6%. Suzano Holding S.A. picked up approximately 0.80% of Lenzing shares directly as part of the capital measure.
Goldman Sachs Group's stake was reported at 5.86%. NN Group, meanwhile, disclosed a 4.27% voting interest in shares on 23 October.
The rights issue generated gross proceeds of about EUR 301.2 million, which Lenzing intends to deploy toward executing its strategy and reinforcing its capital structure. A total of 34,756,362 new shares were issued, with the subscription ratio on the rights reaching 99%. The capital increase lifted the total share count to 73,374,542, and share capital rose to EUR 76,204,702.90.
Insider Buying and a Pledge in the Mix
Several disclosure notices have been tied to the capital measure. Management board member Georg Kasperkovitz acquired shares on 23 October through the rights issue, and Christian Skilich reported a share purchase the same day. Oberbank also picked up Lenzing stock by exercising subscription rights.
Lenzing at a turning point? This analysis reveals what investors need to know now.
In a separate transaction on 23 October, B&C KB Holding reported pledging 8,689,086 Lenzing shares.
The stock was up 3.3% in today's trading.
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