[pageLogInLogOut]

#Yarn & Fiber

Lenzing suspends 2022 guidance due to limited market visibility and high volatility of energy and raw material markets

The Lenzing Group, the world’s leading supplier of wood-based specialty fibers for the textile and nonwovens industries, suspended its guidance for the development of earnings in the 2022 financial year in view of the drastic deterioration of the market environment in the current quarter. The further course of the 2022 financial year can only be estimated to a limited extent due to the extremely low visibility on the demand side and the high volatility of energy and raw material costs.
  • Global market environment deteriorates significantly in current quarter: high inflation negatively impacts consumer climate
  • Strategic focus remains unchanged

The war in Ukraine, China’s zero-covid policy and the significant rise in inflation have had a significant impact on the global economy. The International Monetary Fund lowered its growth expectations for the current calendar year to 3.2 percent in July. This drastically deteriorated market environment is also increasingly burdening the consumer climate as well as the sentiment in the industries relevant to Lenzing. As a result, the expectations regarding the business outlook declined significantly once again according to current surveys.

Based on current assumptions for energy and raw material costs, Lenzing also sees the achievement of its medium-term guidance for 2024 at risk.

“We are currently experiencing unprecedented distortions in the energy and raw material markets, which are burdening consumer climate and significantly limiting our visibility on short to medium-term business development. Lenzing can build on a solid and forward-looking strategy as well as high-quality and innovative products. The long-term growth prospects for our wood-based, biodegradable specialty fibers remain positive. We are a champion of sustainability and well on our way to transforming the global industry from a linear to a circular economy model. Lenzing is very well positioned, we will also overcome today’s economic turmoil”, says Stephan Sielaff, CEO of the Lenzing Group.



In light of the current distortions in the energy and raw material markets and their impact on consumer climate, Lenzing sees itself confirmed in its long-term corporate strategy and will continue to drive specialty fiber growth and the implementation of its ambitious climate and sustainability goals, including the transformation to a circular economy model.

Stephan Sielaff, Chief Executive Officer, Lenzing AG © 2022 Lenzing
Stephan Sielaff, Chief Executive Officer, Lenzing AG © 2022 Lenzing


The Lenzing Group’s results for the first three quarters of the current financial year will be published on Thursday, November 03, 2022.


More News from Lenzing

#Man-Made Fibers

Lenzing shareholders approve €300 million capital increase

Shareholders of Lenzing AG have approved a capital increase of approximately €300 million, providing financial support for the company's recently announced "Grow Nonwovens, Reset Textiles" strategy.

#Man-Made Fibers

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.

#Nonwovens

Lenzing Group highlights scalable, bio-based nonwovens solutions at leading global industry fairs

From CIDPEX in China to Techtextil in Frankfurt and INDEX in Geneva, the Lenzing Group showcases ready-for-market, bio-based nonwoven solutions and receives industry recognition for LENZING™ Nonwoven Technology.

#Yarn & Fiber

Lenzing AG appoints Georg Kasperkovitz as Chief Executive Officer

The Supervisory Board of Lenzing AG has appointed Georg Kasperkovitz, Member of the Management Board and Chief Operations Officer, as Chief Executive Officer (CEO) of Lenzing AG with effect from June 1, 2026.

More News on Yarn & Fiber

#Man-Made Fibers

Dyneema® to unveil next-generation mooring fiber at SMM 2026

Dyneema®, the world's strongest fiber™, will introduce Dyneema® SK80 fiber at SMM 2026 (Shipbuilding, Machinery, and Marine Technology), the world’s leading international maritime trade fair, held in Hamburg, Germany.

#Man-Made Fibers

Capturing malodor rather than masking it: Indorama Ventures presents innovative odor capturing technology at Dornbirn Global Fiber Congress

Indorama Ventures, a global leader in fibers and nonwovens serving customers in hygiene and technical markets, will present its latest technological innovation in odor management at the Dornbirn Global Fiber Congress.

#Yarn & Fiber

Expansive innovations converge in Shanghai as Yarn Expo Autumn 2026 opens doors next week

With just days to go, industry enthusiasm is building for the opening of Yarn Expo Autumn, Asia’s premier yarn and fibre trade fair, running from 25 – 27 August at the National Exhibition and Convention Center (Shanghai). Across 27,000 sqm in Hall 8.2, buyers will find nearly 600 exhibitors from 14 countries and regions, spread across seven specialised zones that range from cutting-edge man-made and regenerated fibres to time-honoured cashmere and silk. Beyond the extensive sourcing options, a fringe programme of trend showcases, presentations and product launches rounds out the three¬day event with design, innovation and market intelligence.

#Man-Made Fibers

Dornbirn GFC 2026 expands conference program with new thematic sessions

For 65 years, Dornbirn GFC has stood for innovation and is one of the world’s leading conferences in the fiber industry. From September 16 to 18, 2026, the international fiber community will meet in Dornbirn, Austria, to discuss current trends, technological developments, and forward-looking solutions. More than 600 experts from industry and academia from over 30 countries are expected to attend. With around 100 presentations by renowned speakers, a 2,5-day conference program, and three parallel presentation rooms with moderated sessions, Dornbirn GFC provides a first-class platform for knowledge exchange, networking, and international collaboration. Together, participants will generate ideas and impulses that will sustainably shape the future of the global fiber industry.

Latest News

#Raw Materials

Brazil sets new cotton export record and consolidates global leadership

Brazil ended the 2025/26 commercial year with a new record, consolidating its position as the world’s largest cotton exporter. Between August 2025 and July 2026, the country shipped 3,373,941 tonnes of the fiber, 19% more than in the previous cycle, and reached record revenue of US$5.3 billion. The result represents a milestone in Brazil’s expansion in the international market and reinforces the country’s role as a strategic supplier to the global textile industry.

#Raw Materials

Better Cotton Initiative partners with Avalo in AI plant breeding for climate-resilient cotton

The Better Cotton Initiative (BCI) has partnered with agriculture solutions company Avalo, whose platform accelerates the speed at which plants with key resiliency traits may be developed.

#Man-Made Fibers

The LYCRA Company expands its co-creation vision through an immersive Lifestyle District at Intertextile Shanghai.

The LYCRA Company, a global leader in fiber and technology solutions for the apparel industry, is reimagining the trade show experience at Intertextile Shanghai Apparel Fabrics Autumn Edition, which opened today in China. Building on the success of last year's ALL IN concept, the company has expanded its co-creation vision into a 356-square-meter Lifestyle District featuring partners Jingzili New Material, JYT Textile, Lianxingfa Knitting, and Trend Textile. The district is part of a larger 895-square-meter pavilion showcasing a total of 19 co-exhibitors. Together, they demonstrate how innovations in fiber, fabric, and garments can be combined to create compelling solutions for both work and play.

#Natural Fibers

Plastic-free stretch technologies drive new direction for denim innovation

As the denim industry looks for ways to reduce its reliance on synthetic fibres, plastic-free stretch technologies are gaining momentum. Developments based on mechanical fabric construction and natural rubber are demonstrating that comfort and stretch can be achieved without conventional elastane, supporting both recyclability and circular product design.

TOP