Lenzing stock: Berenberg cuts target to EUR 17.00 for Lenzing stock

Published on 10/20/2026 at 15:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income hit EUR 35.60 million in first-half 2026. Lenzing stock costs EUR 10.60 on October 20, 2026, down 0.38 percent versus Xetra close.

Analyst view and reporting date

Berenberg cut its Lenzing target from EUR 29.50 to EUR 17.00 on October 4, 2026.
Lenzing reported EUR 35.60 million in first-half 2026 net income versus EUR 15.20 million a year earlier.
Lenzing stock costs EUR 10.60 at Lang & Schwarz on October 20, 2026 at 3:09 p.m. CEST, 0.38 percent below the Xetra close of October 19, 2026.
Lenzing is scheduled to publish third-quarter 2026 results on November 5, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing (ISIN AT0000644505) is trading at EUR 10.60 at Lang & Schwarz on October 20, 2026 at 3:09 p.m. CEST, down 0.38 percent versus the Xetra close of October 19, 2026 at EUR 10.64. The key valuation reference remains Berenberg's reduced target, which the firm cut from EUR 29.50 to EUR 17.00, according to Stock-World in a report dated October 4, 2026.

Target cut keeps valuation in view

The new target is 60.38 percent above the Lang & Schwarz price. Berenberg also lowered its 2026 EBITDA outlook to EUR 55.00 million and moved its rating from Buy to Hold, citing the expected dilution from Lenzing's rights issue and uncertainty about operating earnings.

The capital increase is scheduled to issue 34,756,362 new shares at EUR 8.65 each. The subscription ratio is nine new shares for ten existing shares, giving the financing plan a direct bearing on future earnings per share.

Profit improved while revenue fell

Lenzing's first-half 2026 results supplied a mixed operating picture. Net income rose to EUR 35.60 million from EUR 15.20 million in the first half of 2025, an increase of 134.21 percent, while revenue declined to EUR 1.27 billion from EUR 1.34 billion. The company attributed part of the earnings improvement to positive foreign-exchange effects, according to 4investors on August 5, 2026.

EBITDA fell to EUR 239.20 million from EUR 268.60 million, and the EBITDA margin narrowed to 18.90 percent from 20.00 percent. Free cash flow nevertheless increased to EUR 45.80 million from EUR 43.10 million during the same comparison period.

November results set the next test

The next scheduled operating date is November 5, 2026, when Lenzing is expected to publish its third-quarter results, according to Stock-World. That report will help investors assess whether the stronger first-half net income can coexist with lower revenue and a reduced profit forecast.

Price stays near the yearly low

The EUR 10.60 Lang & Schwarz price is EUR 0.22 above the reported 52-week low of EUR 10.38 and EUR 19.00 below the 52-week high of EUR 29.60. The market capitalization is EUR 409.5 million as of October 20, 2026.

Lenzing was trading at EUR 10.60 at Lang & Schwarz on October 20, 2026 at 3:09 p.m. CEST, 0.38 percent below the Xetra close of October 19, 2026 at EUR 10.64. The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.