Lenzing completes EUR 301.20 million raise. Lenzing stock sits 20.81 percent above offer price

Published on 10/21/2026 at 10:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The offering drew 34,411,626 subscriptions, equal to 99.00 percent of the issue. Lenzing stock costs EUR 10.45 on October 21, 2026 versus EUR 8.65.

Capital and operating milestones

Lenzing completed its capital increase with a 99.00 percent subscription rate on October 21, 2026.
First-half 2026 revenue reached EUR 1.27 billion, while net income rose to EUR 35.6 million.
Lenzing stock traded at EUR 10.45 at 9:59 a.m. CEST at Lang & Schwarz on October 21, 2026.
Trading in the new shares is expected to begin on October 23, 2026, ahead of third-quarter results on November 5, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing (ISIN AT0000644505) completed a EUR 301.20 million capital increase on October 21, 2026, while Lenzing stock was EUR 10.45 at Lang & Schwarz, 20.81 percent above the EUR 8.65 subscription price. TradingView reported that 34,411,626 new shares were subscribed, equivalent to 99.00 percent of the offering.

Funding milestone reaches 99.00 percent

The completed rights offering comprises 34,756,362 new shares at EUR 8.65 each. The company said the gross proceeds will strengthen its capital structure and support its Grow Nonwovens, Reset Textiles strategy, including expansion of nonwovens and a sharper focus on premium textile segments.

The financing addresses Lenzing's balance sheet rather than proving an improvement in operating performance. The company targets medium-term EBITDA growth of EUR 150 million, an EBITDA margin of 20.00 to 25.00 percent and net leverage below 2.5 times EBITDA, according to the announcement carried by TradingView.

What does EUR 301.20 million change?

Lenzing's first-half 2026 revenue fell to EUR 1.27 billion from EUR 1.34 billion, while net income rose to EUR 35.6 million from EUR 15.2 million. The EBITDA margin was 18.90 percent, down from 20.00 percent in the first half of 2025, even as free cash flow improved to EUR 45.8 million from EUR 43.1 million, according to 4investors on August 5, 2026.

Three dates define the next phase

On August 5, 2026, Lenzing reported first-half revenue of EUR 1.27 billion and net income of EUR 35.6 million. On October 2, 2026, Berenberg cut its rating from Buy to Hold and reduced its price target from EUR 29.50 to EUR 17.00, as reported by Stock-World. On October 21, 2026, Lenzing completed the capital increase with 34,411,626 shares subscribed.

The next two scheduled dates are October 23, 2026, for the expected settlement, delivery and trading start of the new shares, and November 5, 2026, for the third-quarter 2026 results. Both dates were reported by Stock-World.

Stock price and capital structure

Lenzing stock was trading at EUR 10.45 at Lang & Schwarz on October 21, 2026 at 9:59 a.m. CEST. The market's next test is whether the stronger equity base translates into better operating results.

The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.