Lenzing Keeps Heiligenkreuz Options Open Through Year-End as Grimsby Wind-Down Extends to 2027

Published on 11/12/2026 at 14:11 | Editorial boerse-global.de

Lenzing reviews non-binding bids for Heiligenkreuz, sets end-2027 Grimsby exit, and secures roughly EUR 300M in fresh financing after October capital raise.

Lenzing Keeps Heiligenkreuz Options Open Through Year-End as Grimsby Wind-Down Extends to 2027 Illustration mit AI erstellt.

Lenzing has given itself until the end of the year to decide the fate of its Heiligenkreuz site, where several non-binding purchase offers are now on the table. The Austrian fibre maker said on 5 November that it is reviewing those bids and will determine whether an economically viable sale can be reached — or whether production will instead be halted at the end of the first quarter of 2027, as originally planned.

The Heiligenkreuz question sits alongside a longer runway for Grimsby. Production at the UK facility is now scheduled to cease by the end of 2027, with Lenzing simultaneously examining sale options for that site. The Indonesian fibre production location remains in a separate sales process that the company is continuing to pursue.

Funding Stacked Ahead of Site Decisions

The operational review comes as Lenzing has moved to shore up its balance sheet. Fresh financing agreements worth roughly EUR 300 million were announced on 5 November, with about half of that amount already contractually secured. That package follows a capital increase of around EUR 300 million completed in October 2026.

Should investors sell immediately? Or is it worth buying Lenzing?

The capital measures arrive against a mixed earnings picture. Revenue for the first nine months of 2026 came in at EUR 1.93 billion, while adjusted EBITDA reached EUR 353 million. The group nonetheless posted a net loss of EUR 130.3 million over the period.

Profitability at the operating level improved, however. The adjusted EBITDA margin climbed to 18.3% from 17.9% a year earlier. In the third quarter alone, adjusted EBITDA amounted to EUR 113.8 million on a margin of 17.3%.

Guidance Points to a Stronger Close

Management is guiding for full-year 2026 adjusted EBITDA of between EUR 430 million and EUR 460 million, implying a pickup in earnings over the final quarter relative to the nine-month run rate.

Investors greeted the combined announcements positively, with the shares up 2.5% on the day.

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