Lenzing launched a capital increase and Lenzing stock falls 2.98 percent

Published on 10/09/2026 at 14:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lenzing will issue 34,756,362 new shares at EUR 8.65. Lenzing stock costs EUR 10.42 on October 9, 2026 after EUR 10.74, down 2.98 percent.

Key points in brief

Lenzing launched a rights issue targeting up to EUR 300.0 million on October 1, 2026.
The company plans 34,756,362 new shares at EUR 8.65 each with a 10 to 9 subscription ratio.
Lenzing stock was at EUR 10.42 at Lang & Schwarz on October 9, 2026, down 2.98 percent from EUR 10.74.
Berenberg cut its target from EUR 29.50 to EUR 17.00 and lowered its rating from Buy to Hold on October 2, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing (ISIN AT0000644505) was trading at EUR 10.42 at Lang & Schwarz on October 9, 2026 at 2:11 p.m. CEST, down 2.98 percent versus EUR 10.74. The company had launched a fully underwritten capital increase on October 1, 2026, offering 34,756,362 new shares at EUR 8.65 each, according to EQS Group. The share price and the fundraising terms now frame the investor debate.

Three steps led to the issue

On July 27, 2026, Lenzing's board approved preparations for up to 288,739,172 new shares and a maximum capital increase of EUR 300.0 million, as recorded by EVI. On August 25, 2026, the extraordinary general meeting authorized the measure for up to EUR 300.0 million.

On October 1, 2026, the board set the final terms: 34,756,362 new shares at EUR 8.65, with a 10 to 9 subscription ratio. The proceeds are intended to strengthen the capital structure and support the Grow Nonwovens, Reset Textiles strategy, EQS Group reported.

What does the rights issue change?

The issue price is 17.00 percent below the Lang & Schwarz price of EUR 10.42 on October 9, 2026, calculated against the same euro values. Existing shareholders receive the right to subscribe for 9 new shares for every 10 existing shares, while the new shares are scheduled to begin trading under the existing ISIN on October 23, 2026.

The latest reported operating picture adds a second angle. In the first half of 2026, net income reached EUR 35.6 million versus EUR 15.2 million in the prior-year period, an increase of 134.21 percent, while EBITDA reached EUR 239.2 million and revenue EUR 1.27 billion, according to Finanztrends.

Analyst target falls to EUR 17.00

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. The bank cited raw-material prices and the upcoming EUR 300.0 million capital increase, according to finanzen.at. The target remains 63.15 percent above the Lang & Schwarz price, using the euro target and price as the comparison.

Subscription dates set the next milestones

The subscription rights are scheduled to trade through October 14, 2026, while the subscription period is scheduled to end on October 20, 2026. The new shares are expected to start trading on October 23, 2026, subject to registration of the capital increase, according to Vienna Stock Exchange.

Stock remains below its issue terms

Lenzing's market capitalization was EUR 551.3 million as of October 9, 2026, while its 52-week range was EUR 10.32 to EUR 29.80. The Lang & Schwarz quote of EUR 10.42 stood EUR 1.77 above the EUR 8.65 subscription price and EUR 0.10 above the 52-week low.

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