The Lenzing Group, manufacturer of fibres such as Tencel, Lenzing and Ecovero, closed the first half of 2026 with a turnover of 1.37 billion euros. This represents a decline compared with the same period last year, when turnover stood at 1.34 billion euros. Profit after tax more than doubled to €35.6 million (2025: €15.2 million). Free cash flow improved to €45.8 million (2025: €43.1 million). Earnings before depreciation and amortisation fell to €239.2 million (2025: €268.6 million). The EBITDA margin stood at 18.9 per cent (2025: 20.0 per cent).
Lenzing regards these figures as a clearly positive result, despite a market environment that remains challenging, characterised by volatile energy and raw material prices, subdued global end-customer demand and intensified competition from Asia. “The results for the first half of 2026 show that our sales initiatives and consistent cost discipline are having an effect. At the same time, they confirm the necessity and potential of our strategic realignment. With ‘Grow Nonwovens, Reset Textiles’, we are laying the foundations for a structurally more profitable and resilient Lenzing Group,” says Mathias Breuer, CFO of the Lenzing Group.
The ‘Grow Nonwovens, Reset Textiles’ strategy builds on the operational progress made in recent months and consistently aligns the company towards profitable growth, greater resilience and focused market segments. The aim is to further expand the nonwovens business organically, to align the textiles business much more closely with differentiated premium market segments and strategic customer partnerships, and to further strengthen the pulp and biorefinery business.
On 27 July 2026, the Executive Board decided to close the production sites in Heiligenkreuz (Austria) by the end of 2026 and in Grimsby (United Kingdom). In its half-year report, the Group commented on the decision: “With this step, the Group is accelerating its strategic transformation and thereby implementing decisive measures to position the company for long-term success in a fundamentally changed market environment. In doing so, Lenzing is laying the foundations for profitable growth and an even more resilient, focused Lenzing Group.”
Having already realised savings of more than 200 million euros in the 2025 financial year, Lenzing is implementing further efficiency measures in 2026. The focused performance programme aims to achieve savings of 120 million euros compared with the actual figures for 2025, which are expected to have a full impact on earnings by the end of 2027.
