Lenzing launches EUR 300 million rights issue and sets EUR 8.65 for Lenzing stock

Published on 10/15/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue was EUR 1.27 billion, while EBITDA reached EUR 239.20 million. Lenzing stock costs EUR 11.07 on October 15, 2026 versus EUR 11.16.

Capital raise and recovery targets

Lenzing announced 34,756,362 new shares on October 1, 2026.
First-half 2026 EBITDA margin reached 18.9 percent.
Lenzing stock trades at EUR 11.07 at 10:31 a.m. CEST at Lang & Schwarz on October 15, 2026, minus 0.81 percent below the Xetra close of October 14, 2026.
Raiffeisen set an EUR 11.50 valuation on October 14, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing (ISIN AT0000644505) was trading at EUR 11.07 at Lang & Schwarz on October 15, 2026 at 10:31 a.m. CEST, down 0.81 percent versus the Xetra close of October 14, 2026 at EUR 11.16. The company launched a fully underwritten rights issue targeting EUR 300 million on October 1, 2026, according to EQS News.

Three steps shaped the offering

On October 1, 2026, Lenzing set the subscription price at EUR 8.65 and planned 34,756,362 new shares, with nine new shares offered for every ten existing shares, EQS News reported. On October 8, 2026, an allocation of 1,493,524 subscription rights was disclosed in an EQS News update. On October 14, 2026, Raiffeisen Bank International analyst Gregor Koppensteiner valued the shares at EUR 11.50 and recommended holding them, according to Aktiencheck.

What does EUR 300 million change?

The financing gives Lenzing room to execute its Grow Nonwovens, Reset Textiles strategy, but the operating test remains earnings quality. In the first half of 2026, revenue fell to EUR 1.27 billion, while EBITDA reached EUR 239.20 million and the EBITDA margin stood at 18.9 percent, according to the Raiffeisen analysis linked above. The company also set a medium-term goal of EUR 120 million in planned savings and an EBITDA margin between 20 and 25 percent, according to EQS News. That comparison leaves the margin target 1.1 to 6.1 percentage points above the reported first-half level.

Two dates define the next test

The subscription period is scheduled to end on October 20, 2026, while settlement and trading of the new shares are expected to begin on October 23, 2026, subject to registration, EQS News said.

Price stays below the target

At EUR 11.07, the Lang & Schwarz quote was EUR 0.43 below Raiffeisen's EUR 11.50 valuation on October 14, 2026. The 52-week range was EUR 10.38 to EUR 29.60, while market capitalization stood at EUR 427.9 million as of October 15, 2026. The stock was trading at EUR 11.07 at Lang & Schwarz on October 15, 2026 at 10:31 a.m. CEST, minus 0.81 percent versus the Xetra close of October 14, 2026 at EUR 11.16. The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.