Lenzing Opens Books to Heiligenkreuz Suitors as Deutsche Bank Raises Its Sights
Published on 11/15/2026 at 14:51 | Editorial boerse-global.de
Lenzing has drawn several non-binding offers for its Heiligenkreuz plant in southern Burgenland, and the Austrian fibre maker now intends to press ahead with those bidders whose proposals point to a viable long-term future for the site. Word of the approach emerged on Thursday. Management has set itself until the end of 2026 to determine whether a sale can be closed at all.
Should no deal materialise, the facility is slated to shut down at the end of the first quarter of 2027. Nothing has been signed, and the expressions of interest carry no binding commitment; the company's first task is to sort out which counterparties could actually keep the operation running on a sound economic footing.
A Higher Target, an Unchanged Rating
Deutsche Bank Research lifted its price target on Lenzing from EUR 12.70 to EUR 14.30 on 9 November, while leaving its "Hold" recommendation in place. The upgrade to the target therefore arrives without any shift in the bank's stance on the stock.
Should investors sell immediately? Or is it worth buying Lenzing?
The operational picture behind that call is mixed. Revenue for the first nine months of 2026 came in at EUR 1.93 Mrd, a decline of 2.3 percent year on year, according to figures Lenzing published on 5 November. Adjusted EBITDA, by contrast, held at EUR 353 Mio and was thus virtually flat against the comparable period — the company kept its underlying operating result roughly steady even as sales slipped.
Alabama Bet Anchored in Nonwovens
Growth spending is flowing in a different direction. Lenzing has earmarked EUR 27 Mio for its Mobile, Alabama, site, where it will expand capacity for specialty fibres serving nonwoven applications, including additional short-cut fibre lines. That outlay sits inside a broader EUR 50 Mio programme for the nonwovens business, which also covers EUR 23 Mio for the Lenzing facility in Austria.
The nine-month period closed with a result after taxes of EUR -130.3 Mio. For the full year 2026, Lenzing is guiding toward adjusted EBITDA of between EUR 430 Mio and EUR 460 Mio.
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