Lenzing AG, Austria | VIE: LNZ

Date:

Lenzing AG, from Austria is listed in Vienna Stock Exchange (VIE) as LNZ

Current price as on November 18, 2024:-
Austria: VIE: LNZ: Euro30.50

Lenzing AG, Austria | VIE: LNZ. textiles companies stock market updates. daily news updates.
Data source: Google Finance

Incorporated in 1938, Austria based Lenzing AG is active in the chemical industry, manufactures cellulose fibers and offers special plastic products. The Fibers segment is responsible for manufacturing and marketing man-made cellulose fibers, and includes the business units Textile Fibers, Nonwoven Fibers, Pulp and Energy. Brands of Lenzing Group are TENCEL, VEOCEL, LENZING ECOVERO and LENZING. Company produces wood-based viscose fibers, modal fibers, lyocell fibers and filament yarn, these are used in clothing, home textiles and technical textiles as well as nonwovens industry. Revenue of the company is Euro 2521.20MN and Quarterly Revenue Growth (y-o-y)is 5.20%, this growth primarily reflects higher revenue from fibers (+10.9 percent).

Chief Executive Officer of the Lenzing Group, Rohit Aggarwal stated that the company is continuing its recovery course. Since the end of 2022, the Lenzing Group has been implementing measures to reduce costs and, building on this, has developed a comprehensive performance program with the overriding objective of significantly enhanced long-term resilience to crises and greater agility in the face of market changes.

Disclaimer: This is just an opinion and not the prediction, hence do not risk any financials based on this content, we do not take any guarantee or responsibility.

Bhargav Pathak
Bhargav Pathakhttps://textilesresources.com
With a passion for the textile, apparel, and fashion industry, I embarked on a journey fueled by education from NIFT Gandhinagar and affiliation with NDBI at NID Ahmedabad. Since 2006, I've contributed to various corporate ventures, specializing in B2B, B2C, SaaS, and AI products within the textile domain. In July 2023, I launched TextilesResources.com, a knowledge hub offering the latest news, articles, and soon-to-come features like interviews and a trade fair calendar. Grateful for the growing community, we've recently introduced a Business Directory for enhanced visibility. Join us on LinkedIn and stay connected with the ever-evolving textile landscape!

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