Lenzing Courts Buyers for Heiligenkreuz While Betting EUR 27 Million on Alabama Fibres
Published on 11/14/2026 at 16:41 | Editorial boerse-global.de
Lenzing has set itself a twin-track agenda for the coming quarters: finding a buyer for its Heiligenkreuz site and deepening its push into nonwovens. The Austrian fibre maker confirmed on Thursday that it is reviewing several non-binding offers for the plant, and that it will pursue talks with those bidders whose proposals point to an economically viable future for the site.
Clarity on a sale is targeted by the end of 2026. Should no buyer emerge, the fallback is a shutdown at the end of the first quarter of 2027.
The disclosure, reported by Austrian media on Thursday, came alongside a growth commitment on the other side of the Atlantic. Lenzing will sink EUR 27 million into expanding specialty fibre capacity at its Mobile, Alabama facility. That outlay forms part of a broader EUR 50 million investment programme for the nonwovens business, which also includes the previously announced EUR 23 million earmarked for the Lenzing site in Austria.
Should investors sell immediately? Or is it worth buying Lenzing?
Nine-Month Figures Underpin Full-Year Guidance
The strategic announcements land on top of an earnings picture the company laid out on 5 November. Revenue for the first nine months of 2026 came in at EUR 1.93 billion, with adjusted EBITDA of EUR 353 million over the same stretch.
Profitability on a margin basis improved: the adjusted EBITDA margin climbed to 18.3%, up from 17.9% a year earlier, meaning Lenzing squeezed more operating earnings out of every euro of sales than it did twelve months ago.
For the full year, management is guiding to adjusted EBITDA of between EUR 430 million and EUR 460 million — a range covering operating profit before interest, taxes and depreciation, stripped of one-off items.
Deutsche Bank, for its part, keeps a "Hold" rating on the stock in its recommendation history, signalling that the broker sees little reason yet to turn more constructive on the shares.
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