Lenzing rights issue reaches its deadline. Lenzing stock gains 1.43 percent

Published on 10/20/2026 at 10:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The EUR 300 million offer ends October 20, 2026. Lenzing stock costs EUR 10.67, 1.43 percent above the Xetra close.

Rights issue reaches its deadline

Lenzing targeted EUR 300 million from its rights issue on October 1, 2026.
The offer covers 34,756,362 new shares at EUR 8.65 each.
Lenzing stock trades at EUR 10.67 at 10:15 a.m. CEST at Lang & Schwarz on October 20, 2026, 1.43 percent above the Xetra close of October 19, 2026.
Berenberg cut its target from EUR 29.50 to EUR 17.00 on October 2, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing stock (ISIN AT0000644505) trades at EUR 10.67 at Lang & Schwarz on October 20, 2026 at 10:15 a.m. CEST, up 1.43 percent versus the Xetra close of October 19, 2026 at EUR 10.52. The company's EUR 300 million rights issue reaches its subscription deadline on October 20, 2026, according to FT.com.

Three steps shape the financing

The chronology is clear. On October 1, 2026, Lenzing announced 34,756,362 new shares at a subscription price of EUR 8.65, with a 10:9 subscription ratio and a targeted gross proceeds figure of EUR 300 million, FT.com. 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, Boerse Global. On October 20, 2026, the subscription period reaches its scheduled end with the offer targeting EUR 300 million, FT.com.

What does the capital raise change?

The financing improves Lenzing's capital structure, but it does not settle the operating debate. The proceeds are intended to support the company's Grow Nonwovens, Reset Textiles strategy, while the new shares increase the equity base by 34,756,362 units. That makes the November results important for judging whether additional financial flexibility translates into stronger earnings.

Two dates follow the offer

Lenzing plans to publish its third-quarter 2026 report on November 5, 2026, while settlement, delivery and trading of the new shares are scheduled for October 23, 2026, subject to registration of the capital increase, Stock-World. The two dates separate the legal completion of the financing from the next test of operating performance.

Price reflects a cautious balance

Berenberg's EUR 17.00 target remains EUR 6.33 above the current Lang & Schwarz price, but the target cut highlights concerns about raw-material costs and the earnings effect of higher fiber prices. Lenzing describes itself as a producer of regenerated cellulose fibers for textile and nonwoven applications. The company is listed on the Vienna Stock Exchange and is included in the ATX.

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