Lenzing Approves €300 Million Capital Increase to Support Strategic Realignment
The Extraordinary General Meeting of Lenzing AG has approved a capital increase of approximately EUR 300 million to strengthen the company’s financial position and support the implementation of its “Grow Nonwovens, Reset Textiles” strategy announced in July 2026.
The capital increase will be carried out through cash contributions while maintaining shareholders’ statutory subscription rights. The company plans to issue new no-par-value bearer shares, with the capital increase scheduled to be completed no later than 25 February 2027.
The final terms of the offering, including the issue price, will be determined by Lenzing’s Management Board with the approval of the Supervisory Board, in accordance with the resolution passed at the General Meeting and applicable legal requirements.
According to Lenzing, strengthening its equity base will improve the company’s balance sheet structure and financial stability while providing greater flexibility to pursue its strategic priorities. The additional financial capacity is expected to support the company’s efforts to advance its strategic realignment and create a stronger foundation for long-term profitability.
Georg Kasperkovitz, CEO of Lenzing AG, said shareholder support, particularly from major shareholders B&C Group and Suzano, as well as Oberbank AG, reflects confidence in the company’s strategic direction. He added that the capital increase represents an important component in implementing the “Grow Nonwovens, Reset Textiles” strategy and strengthening Lenzing’s long-term value creation.
Martin Seiter Elected to Supervisory Board
The Extraordinary General Meeting also elected Martin Seiter, MBA, to Lenzing AG’s Supervisory Board. His appointment took effect following the conclusion of the meeting and will continue until the end of the Annual General Meeting that will vote on the discharge of liability for the 2028 financial year.
Seiter’s appointment follows the resignation of Dr Franz Gasselsberger, MBA, who stepped down from the Supervisory Board at his own request at the conclusion of the Extraordinary General Meeting.
Following the election, the Supervisory Board continues to have 10 members elected by the General Meeting, comprising Carlos Aníbal de Almeida Junior, Cornelius Baur, Helmut Bernkopf, Stefan Fida, Markus Fürst, Leonardo Grimaldi, Patrick Lackenbucher, Gerhard Schwartz, Martin Seiter and Astrid Skala-Kuhmann.
The Board also includes five members delegated by the Works Council: Stefan Ertl, Stephan Gruber, Bonita Haag, Helmut Kirchmair and Michael Bichler. Patrick Lackenbucher continues as Chairman of the Supervisory Board.
The approved capital measure is expected to provide Lenzing with greater financial flexibility as it advances its strategic focus on nonwovens growth and textile business realignment.
