Lenzing's Heiligenkreuz Sale Narrows to November Shortlist as Deutsche Bank Lifts Target to EUR 14.30
Published on 11/11/2026 at 15:01 | Editorial boerse-global.de
Lenzing has whittled the field of potential buyers for its Heiligenkreuz plant down to roughly 30 interested parties, with a shortlist due in mid-November and a final decision on whether a purchaser will keep the site running expected by the end of the year. The choice between a sale and a shutdown rests with the supervisory board, according to ORF, and production at the site has been extended until the end of March 2027.
The Austrian fibre maker is also preparing to halt output at its Grimsby facility, though that wind-down is not slated until the end of 2027.
Deutsche Bank raises its sights
Deutsche Bank lifted its price target on Lenzing on Monday to EUR 14.30 from EUR 12.70, keeping a "Hold" rating. Analyst Lars Vom-Cleff pointed to improved underlying profitability but cautioned that the recovery is not yet complete. The shares slipped 1.6% to EUR 11.26.
Should investors sell immediately? Or is it worth buying Lenzing?
Margin improves, bottom line does not
For the first nine months of 2026, Lenzing posted revenue of EUR 1.93 billion and adjusted EBITDA of EUR 353 million, lifting the adjusted EBITDA margin to 18.3%. Restructuring effects weighed on the figure to the tune of EUR 36.6 million, leaving reported EBITDA at EUR 316.4 million. EBIT came in at a loss of EUR 55.1 million, and the result after tax was negative EUR 130.3 million — a bottom line still in the red even as operating profitability strengthened.
Ownership shifts after capital increase
The capital raise completed roughly three weeks ago reshaped the shareholder register. The syndicate of B&C Group and Suzano S.A. now controls about 52.25% of voting rights, while Suzano Holding S.A. picked up roughly 0.80%. Goldman Sachs Group holds 5.86% of Lenzing shares.
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Lenzing Stock: New Analysis - 11 November
Fresh Lenzing information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
