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Lenzing AG: Managing Board member Robert van de Kerkhof to leave Lenzing at the end of 2023

EQS-News: Lenzing AG

/ Key word: Personnel

Lenzing AG: Managing Board member Robert van de Kerkhof to leave Lenzing at the end of 2023

13.04.2023 / 12:16 CET/CEST

The issuer is... | April 13, 2023

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EQS-News: Lenzing AG: Managing Board member Robert van de Kerkhof to leave Lenzing at the end of 2023

EQS-News: Lenzing AG: Managing Board member Robert van de Kerkhof to leave Lenzing at the end of 2023
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21st Austria weekly - Andritz, Lenzing (27/07/2021)

21st Austria weekly - Andritz, Lenzing (27/07/2021)
boerse-social.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boerse-social.com Daily Mail and Mail on Sunday newspapers.

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Lenzing raises outlook for current financial year

Lenzing raises outlook for current financial year
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21st Austria weekly - Immofinanz; Marinomed, Valneva, FACC, AT&S, Lenzing (21/04/2021)

25.04.2021
Immofinanz: Reals Estate company Immofinan recorded an increase in rental income and results of property sales in 2020 despite the Covid-19 crisis. Rental income rose by 3.1% to Euro 288.6 mn due to the strong growth in the portfolio during the second half of 2019, but a crisis-related increase in receivables write-offs from asset management led to substantially higher property expenses. The results of asset management totalled Euro 206.4 mn in 2020 and reflect the previous year despite these write-offs. The pandemic also had a negative influence on the valuation of investment property: revaluations totalled Euro -166.5 mn, compared with clearly positive results in the previous year (2019: Euro 193.3 mn). This reduction represents roughly 3.2% of the total property portfolio. In addition, the continuing decline in the price of the S IMMO share during 2020 led to a write-down of Euro -88.6 mn in this investment to Euro 363.6 mn. Net loss for the 2020 financial year amounted to Euro -165.9 mn (2019: + 352.1 mn). In view of the Group’s solid capital base, the Executive Board will make a recommendation to the 28th annual general meeting on 18 June 2021 to distribute a dividend of Euro 0.55 per share.

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21st Austria weekly - Immofinanz; Marinomed, Valneva, FACC, AT&S, Lenzing (21/04/2021)

21st Austria weekly - Immofinanz; Marinomed, Valneva, FACC, AT&S, Lenzing (21/04/2021)
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21st Austria weekly - Immofinanz; Marinomed, Valneva, FACC, AT&S, Lenzing (21/04/2021)

21st Austria weekly - Immofinanz; Marinomed, Valneva, FACC, AT&S, Lenzing (21/04/2021)
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Lenzing : EANS-Adhoc Lenzing AG / Lenzing raises outlook for current financial year

EANS-Adhoc: Lenzing AG / Lenzing raises outlook for current financial year
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Earnings Forecast 21.04.2021
Lenzing - The Lenzing Group got off to a better-than-expected start to the financial year 2021, with preliminary EBITDA (earnings before interest, tax, depreciation and amortization) rising by 36.8 percent year-on-year to EUR 94.5 mn in the first quarter of 2021.
Despite the continuing high degree of volatility in the textile sector due to the COVID-19 pandemic, the Managing Board of the Lenzing Group raises its guidance for the 2021 financial year: The Lenzing Group expects the operating result to be at least at the level of the pre-crisis year 2019.

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