Deutsche Bank Raises Lenzing Target to EUR 14.30, But Keeps a Cautious Hold
Published on 11/14/2026 at 13:41 | Editorial boerse-global.de
Deutsche Bank Research has lifted its price target on Lenzing from EUR 12.70 to EUR 14.30, with analyst Lars vom Cleff reaffirming a "Hold" rating following the fibre maker's nine-month figures. The upgrade to the target comes even as the company continues to navigate restructuring costs and a search for a buyer for one of its sites.
Margins Improve Despite Revenue Dip
Lenzing reported revenue of EUR 1.93 billion for the first nine months of 2026, down from EUR 1.97 billion in the same period a year earlier. Adjusted EBITDA came in at EUR 353 million, and the adjusted EBITDA margin improved to 18.3%, up from 17.9% in the prior-year period.
Restructuring one-offs of EUR 36.6 million weighed on the bottom line, pulling unadjusted EBITDA down to EUR 316.4 million.
Should investors sell immediately? Or is it worth buying Lenzing?
Looking ahead, Lenzing continues to expect full-year 2026 adjusted EBITDA of between EUR 430 million and EUR 460 million — a forecast the company confirmed alongside the release of its nine-month results on 5 November.
Alabama Expansion Anchors Nonwovens Strategy
On Thursday, Lenzing announced a EUR 27 million investment at its Mobile, Alabama site, aimed at expanding speciality fibre and short-cut fibre capacity for nonwovens applications. The project forms part of a broader EUR 50 million investment programme for the nonwovens business, which also includes a previously announced EUR 23 million commitment at the Lenzing site.
Heiligenkreuz Sale Talks Underway
Separately, Lenzing is reviewing several non-binding purchase offers for its Heiligenkreuz plant, according to a report by Der Standard on Thursday. Clarity on a sale solution is expected by the end of 2026. Should no sale materialise, the site is slated for closure at the end of the first quarter of 2027.
Ad
Lenzing Stock: New Analysis - 14 November
Fresh Lenzing information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
