Lenzing Gives Heiligenkreuz Until Year-End to Find a Buyer, Backed by EUR 300 Million in New Financing
Published on 11/12/2026 at 15:41 | Editorial boerse-global.de
Lenzing has set itself a hard deadline for resolving the future of its Heiligenkreuz site: by the end of the year, the fibre maker intends to establish whether an economically viable sale can be agreed. Failing that, production at the Austrian plant is slated to stop at the end of the first quarter of 2027.
Several non-binding purchase offers for the site are already on the table and under review, according to a report by Der Standard. Those bids give Lenzing a genuine exit route, with the previously announced closure tied directly to the failure of a sale. The stock responded to the interest from potential buyers with a gain of 2.5%.
Heiligenkreuz is not the only location in flux. Lenzing confirmed on 5 November that it is weighing options for both Heiligenkreuz and Grimsby, while the sales process for its Indonesian fibre production site continues. Grimsby's timetable is longer — production there is scheduled to wind down by the end of 2027.
Should investors sell immediately? Or is it worth buying Lenzing?
Balance sheet reinforced
Alongside the portfolio review, Lenzing announced fresh financing arrangements worth roughly EUR 300 million on 5 November. Around half of that amount had already been contractually secured. The new commitments come on top of a capital increase of approximately EUR 300 million completed in October.
The funding news lands as Lenzing works through a restructuring programme that has weighed on reported earnings. For the first nine months of 2026, the company posted revenue of EUR 1.93 billion and an adjusted EBITDA of EUR 353.0 million, equivalent to an adjusted EBITDA margin of 18.3%.
Reported EBITDA came in lower at EUR 316.4 million, dragged down by EUR 36.6 million in restructuring charges.
Full-year guidance intact
Management continues to guide toward adjusted EBITDA of EUR 430 million to EUR 460 million for the full year 2026. That forecast covers the current financial year, while the timeline for a possible Heiligenkreuz shutdown stretches into the first quarter of 2027 — leaving the sale decision as the key variable hanging over the company as the year draws to a close.
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Lenzing Stock: New Analysis - 12 November
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