Lenzing stock falls 7.29 percent amid a 9 for 10 rights issue
Published on 10/07/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lenzing (ISIN AT0000644505) stock was trading at EUR 11.96 on the Vienna Stock Exchange on October 7, 2026, at 12:49 p.m. CEST, down 7.29 percent. The move comes as the company carries out a 9 for 10 rights issue designed to strengthen its balance sheet and fund its strategic transformation.
Rights issue reshapes the capital base
According to Deutsche Boerse, Lenzing set the subscription price at EUR 8.65 per new share and plans to issue 34,756,362 shares. The subscription ratio gives investors nine new shares for every 10 existing shares, with the subscription period scheduled from October 6, 2026, through October 20, 2026.
The offering targets EUR 300 million in gross proceeds and is fully underwritten. Lenzing said the funds will support its 'Grow Nonwovens, Reset Textiles' strategy, while the company also secured new financing of up to EUR 300 million and extensions of existing financing arrangements through 2030, according to Deutsche Boerse.
Profit improved before dilution
Lenzing's first-half 2026 results provide a counterweight to the financing pressure. Boerse Global reported net income of EUR 35.6 million, up from EUR 15.2 million in the prior-year period, while revenue reached EUR 1.27 billion and EBITDA EUR 239.2 million. Free cash flow was EUR 45.8 million.
The market is weighing that operating progress against the enlarged share count. On October 2, 2026, Finanzen.at reported that Berenberg cut Lenzing from Buy to Hold and reduced its price target from EUR 29.50 to EUR 17.00. The brokerage also forecast an adjusted 2026 loss per share of EUR 1.62, compared with its previous estimate of EUR 0.57.
Stock trades near its yearly low
At EUR 11.96, Lenzing stock was 0.50 percent above the current 52-week low of EUR 11.90 and 59.87 percent below the 52-week high of EUR 29.80. The session volume stood at 173,756 shares, while market capitalization was EUR 626.8 million as of October 7, 2026.
For investors, the immediate calculation is the gap between the EUR 8.65 subscription price and the EUR 11.96 market price. The rights issue can improve financing capacity, but the 9 for 10 structure also makes dilution and the execution of the transformation central to the stock's valuation.
Stock stays close to 52-week low
Lenzing stock was last at EUR 11.96 on the Vienna Stock Exchange on October 7, 2026, at 12:49 p.m. CEST, down 7.29 percent.
Lenzing stock key facts
- Company: Lenzing AG
- ISIN: AT0000644505
- Ticker: LNZ
- Trading venue: Vienna Stock Exchange, Prime Market
- Price (as of October 7, 2026, 12:49 p.m. CEST): EUR 11.96 Price
- Market capitalization: EUR 626.8 million (as of October 7, 2026)
- 52-week range: EUR 11.90-29.80 (as of October 7, 2026)
- Sector / Industry: Industrials / Manufacturing - Textiles
- Index membership: ATX
Upcoming dates for Lenzing stock
- October 20, 2026: Subscription period ends
- October 23, 2026: Trading in the new shares is scheduled to begin
