from Lenzing AG (isin : AT0000644505)
EQS-Adhoc: Lenzing AG: Lenzing AG suspends dividend policy for financial year 2023
EQS-Ad-hoc: Lenzing AG / Key word(s): Dividend
Lenzing AG: Lenzing AG suspends dividend policy for financial year 2023
08-March-2023 / 10:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Lenzing AG suspends dividend policy for financial year 2023
Lenzing – Lenzing AG expects EBITDA for the 2023 financial year to be in a range of EUR 320 mn to EUR 420 mn, assuming a further market recovery in the current financial year.
On this basis, the Managing Board of Lenzing AG does not consider the execution of the existing dividend policy of at least EUR 4.50 for the 2023 financial year to be appropriate.
Accordingly, Lenzing AG is suspending its dividend policy for the 2023 financial year.
The results of the Lenzing Group for the 2022 financial year will be published on Thursday, March 09, 2023.
| Your contact for Public Relations: Dominic Köfner Vice President Corporate Communications & Public Affairs Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria Phone +43 7672 701 2743 E-mail media@lenzing.com Web www.lenzing.com | Investor Relations: Sébastien Knus Vice President Capital Markets Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria Phone +43 7672 701 3599 E-mail s.knus@lenzing.com Web www.lenzing.com |
08-March-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | Lenzing AG |
| 4860 Lenzing | |
| Austria | |
| Phone: | +43 7672-701-0 |
| Fax: | +43 7672-96301 |
| E-mail: | office@lenzing.com |
| Internet: | www.lenzing.com |
| ISIN: | AT0000644505 |
| Indices: | ATX |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1577399 |
| End of Announcement | EQS News Service |
1577399 08-March-2023 CET/CEST