#Sustainability

2023-04-20

Resolutions of the 79th Annual General Meeting of Lenzing AG

On Wednesday, April 19, 2023, the 79th Annual General Meeting of Lenzing AG discharged the members of the Managing Board and the Supervisory Board from liability with regard to the business year 2022 and determined the compensation paid to members of the Supervisory Board for the business year 2023 in advance. In addition to financial performance criteria, the remuneration policy of Lenzing AG for the performance-related compensation of the Managing Board is linked to non-financial sustainability criteria (ESG) to further promote the company’s sustainable business strategy.

Nicole van der Elst Desai and Gerhard Schwartz newly elected to the Supervisory Board

Cord Prinzhorn re-elected as Chairman of the Supervisory Board

KPMG Austria GmbH Wirtschaftsprüfungs- u. Steuerberatungsgesellschaft was appointed to serve as the auditor of the annual financial statements and the consolidated financial statements for the business year 2023.

Elections to the Supervisory Board

Patrick Prügger retired from the Supervisory Board with effect from the end of the General Meeting due to the expiry of his term of office. After 12 years on Lenzing’s Supervisory Board, Patrick Prügger decided not to stand for another term of office. Patrick Prügger had been a Member of the Supervisory Board since 2011 and served on various committees of Lenzing AG. Lenzing AG would like to thank him for his trustworthy and constructive cooperation.

The General Meeting elected two new members to the Supervisory Board of Lenzing AG. Nicole van der Elst Desai, founder and owner of VDE Consultancy, was elected to serve until the end of the General Meeting resolving upon the discharge of the members of the Supervisory Board with regard to the business year 2026, and Gerhard Schwartz, managing partner at EY until 2022, was elected until the end of the General Meeting resolving upon the discharge of the members of the Supervisory Board with regard to the business year 2027. In addition, the mandates of the following members were extended: Helmut Bernkopf (until the Annual General Meeting resolving upon the discharge of the members of the Supervisory Board with regard to the business year 2025), Christian Bruch (until the Annual General Meeting resolving upon the discharge of the members of the Supervisory Board with regard to the business year 2026) and Franz Gasselsberger (until the Annual General Meeting resolving upon the discharge of the members of the Supervisory Board with regard to the business year 2027).

The Supervisory Board of Lenzing AG now consists of ten members elected by the General Meeting: Helmut Bernkopf, Christian Bruch, Stefan Fida, Markus Fürst, Franz Gasselsberger, Melody Harris-Jensbach, Cord Prinzhorn, Gerhard Schwartz, Astrid Skala-Kuhmann and Nicole van der Elst Desai. Herbert Brauneis, Daniela Födinger, Helmut Kirchmair, Georg Liftinger and Johann Schernberger were appointed to the Supervisory Board by the Works Council.

In the constituent meeting of the Supervisory Board following the General Meeting, Cord Prinzhorn was re-elected as Chairman and Stefan Fida was re-elected as Deputy Chairman of the Supervisory Board.

Lenzing reports improved half-year results and advances strategic transformation

Despite a persistently challenging market environment in the first half of 2026, characterized by volatile energy and raw material prices, subdued global consumer demand and intensified competition from Asia, the Lenzing Group significantly improved its financial performance. Net result after tax more than doubled to EUR 35.6 million, compared with EUR 15.2 million in the first half of 2025. Free cash flow increased to EUR 45.8 million, while EBITDA amounted to EUR 239.2 million. Revenue totaled EUR 1.27 billion, compared with EUR 1.34 billion in the previous year.

TENCEL™ Lyocell - HV100 achieves global denim availability in six months; Vol. 2 debuts at Kingpins Amsterdam

When TENCEL™ Lyocell - HV100 debuted at last year’s Kingpins Amsterdam in October, 17 mill partners across five countries presented fabrics featuring the new fiber. Just six months on, participation has more than doubled, evolving into a global network that spans nine countries and four continents, signaling both strong industry momentum and growing demand.

Textile Exchange reports growth in certifications and industry engagement

Textile Exchange has published its 2025 Annual Report, highlighting continued growth in certified sites, industry participation and the development of its standards and membership structure. According to the report, more than 100,000 sites worldwide are now certified to Textile Exchange standards, more than three times the number recorded in 2020. Preliminary figures also indicate 12% year-on-year growth across the organization's current standards, including the Global Recycled Standard (GRS), Recycled Claim Standard (RCS) and the Responsible Animal Fiber standards.

PERFORMANCE DAYS announces new focus topic & forums for October 2026

With its upcoming October 13–14, 2026 edition, PERFORMANCE DAYS is placing the spotlight on one of the textile industry’s most important transformations: “Bio-Based Materials – From Fiber to Fabric”, a two-part Focus Topic exploring the future of bio-based innovation across the textile value chain. Part 1, presented in October 2026, will focus on fibers and next-generation material developments, while Part 2 at the March 2027 edition will shift the perspective toward dyeing, finishing, additives, and processing technologies.

Febratex 2026 to be the largest edition of the leading textile trade fair in the Americas with 10 exhibition halls

Febratex 2026 will be the largest edition in the history of the leading textile trade fair in the Americas. Dedicated to the textile and apparel manufacturing industries, the event will take place from August 18–21, 2026, in Blumenau, Santa Catarina, Brazil, with a strong focus on technology, sustainability, and business generation.

Cotton Brazil Dialogues field trip brings international stakeholders closer to Brazil’s cotton production chain

How do you build trust across the global textile value chain? By opening the farm gates. This is the principle behind the Cotton Brazil Dialogues. At the end of July, the programme welcomed its first group of international participants for a five-day immersion into Brazilian cotton production, combining field visits with technical workshops to showcase the quality, sustainability, innovation and traceability behind one of the world’s leading cotton origins.