Lenzing adds 34,756,362 shares: Lenzing stock sits 69.84 percent below target

Published on 10/26/2026 at 09:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lenzing raised EUR 301.2 million on October 21, 2026. Lenzing stock costs EUR 10.47 on October 26, 2026 below the EUR 34.69 target.

Capital increase and target gap

Lenzing completed a EUR 301.2 million capital increase on October 21, 2026.
The Wiener Börse recorded 73,374,542 Lenzing shares after the October 23, 2026 listing expansion.
Lenzing stock was trading at EUR 10.47 at 9:39 a.m. CEST at Lang & Schwarz on October 26, 2026.
Fintel reported a EUR 34.69 average target on October 16, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing expanded its listed share count by 34,756,362 shares on October 23, 2026, while the stock was trading at EUR 10.47 at Lang & Schwarz at 9:39 a.m. CEST on October 26, 2026. The increase followed a EUR 301.2 million capital raise completed on October 21, 2026, according to EQS Group.

Share count changes the capital base

The rights offering produced 34,411,626 subscribed new shares, equal to a 99 percent acceptance rate, EQS Group reported on October 21, 2026. Lenzing said the proceeds would support its Grow Nonwovens, Reset Textiles strategy and strengthen its capital structure. The company targets an EBITDA increase of EUR 150 million, an EBITDA margin between 20 and 25 percent, and net leverage below 2.5 times EBITDA over the medium term.

What does the target imply?

Fintel reported on October 16, 2026 that the average one-year target had risen to EUR 34.69 from EUR 30.75, a 12.82 percent increase. The target stood 69.84 percent above the EUR 10.47 Lang & Schwarz price, a wide gap that puts the market's assessment of the recapitalization under scrutiny. Fintel listed four analysts in its consensus and a target range from EUR 25.03 to EUR 42.65.

Three dates frame the next step

The chronology runs from the October 1, 2026 announcement of the rights offering, through the October 21, 2026 completion and EUR 301.2 million gross proceeds, to the October 23, 2026 listing expansion of 34,756,362 shares. Wiener Börse recorded 73,374,542 shares after the transaction, compared with 38,618,180 before it.

The next dated company event is the third-quarter 2026 results release on October 29, 2026, listed by Aktien Portal. That report will provide the next operating test for the strategy and the enlarged equity base.

Stock price and investor perspective

Lenzing's capital increase supplies EUR 301.2 million for debt reduction and strategic investment, but it also materially enlarges the share base. The October 29 results date therefore matters because investors will compare operating performance with the company's medium-term EBITDA and leverage objectives.

The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.