Lenzing Group Doubles Net Profit to EUR 35.6 Million

Lenzing Group more than doubled its net profit for the first half of 2026, reporting EUR 35.6 million compared to EUR 15.2 million in the previous year. The growth occurred despite challenges including volatile raw material and energy prices, subdued consumer demand, and increased competition from Asia.

Revenue declined from EUR 1.34 billion to EUR 1.27 billion as the company intentionally reduced lower-margin fibre volumes. However, free cash flow rose to EUR 45.8 million. The company is currently implementing its Grow Nonwovens, Reset Textiles strategy, which converts textile fibre capacity to nonwovens production and prioritizes premium brands such as Tencel, Lenzing Ecovero, and Veocel.

To bolster resilience and profitability, the group is targeting an additional EUR 120 million in cost reductions through 2027, following EUR 200 million in savings achieved during 2025. Chief Financial Officer Mathias Breuer stated that the results showed the company's sales initiatives and cost management were delivering improvements.