The Lenzing Group improved its business performance in 2024, overcoming slow market recovery and high costs. The company increased fiber sales, though price levels remained below the previous year. Revenue rose 5.7 percent year-on-year to €2.66 billion, driven by a 10 percent increase in fiber revenue. EBITDA surged 30.4 percent to €395.4 million, with the margin improving to 14.8 percent. EBIT turned positive at €88.5 million, recovering from a loss of €476.4 million in 2023.

CEO Rohit Aggarwal credited decisive measures for boosting fiber volumes and pulp business performance despite weak market conditions. He emphasized that fiber prices have yet to recover, and the company will maintain its focus on cost efficiency and resilience. The ongoing performance program generated over €130 million in savings and strengthened sales through customer acquisitions and market expansion.

Operational cash flow nearly doubled to €322.5 million, while free cash flow improved to €167 million from a negative €122.8 million in 2023. Capital expenditures fell to €156.3 million as Lenzing prioritized maintenance projects. Net losses after taxes narrowed to €138.3 million, significantly improving from a €593 million loss in 2023.

Looking ahead, Lenzing expects higher EBITDA in 2025, despite ongoing economic uncertainty, volatile currencies, and cautious consumer spending. The company remains confident in the rising demand for eco-friendly fibers and plans to expand its specialty fiber business and sustainability leadership.