Börse: Weniger Fasern, mehr Marge: Das spricht für die Aktie des Faserherstellers Lenzing
Im Oktober musste das Unternehmen erneut Geld einsammeln. Dabei verdient Lenzing besser und könnte Millionen aus Lager und offenen Rechnungen heben. Analysten sehen Aufwärtspotenzial.
Düsseldorf - Lenzing, the fiber manufacturer, is often seen as a worry in Vienna's stock market, with its share price fluctuating between 11 and 12 euros for weeks. However, the company is now showing evidence that the restructuring is positively impacting its numbers.
A significant portion of the legacy is already being written off. In the third quarter, Lenzing incurred write-downs of approximately 136 million euros from its Vienna plant and around 37 million euros in restructuring costs in Grimsby, England. The main expenses are now accounted for, according to the company's statement upon request, pending the auditor's review.
Only six factories remain, including the core plant in Upper Austria, which Lenzing claims to produce more efficiently. As a result, the company is earning more despite selling fewer fibers. The adjusted operating profit (EBITDA) rose to 17.3% of sales in the third quarter, up from around 13% a year ago. At nine months, the margin stands at 18.3%, with Lenzing aiming for 20-25% in the medium term.
The company stated that it does not anticipate any additional financing measures necessary for the transformation at the moment.
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