Lenzing AG’s Extraordinary General Meeting has approved a capital increase of approximately €300 million to strengthen the company’s financial structure and support its strategic realignment under the “Grow Nonwovens, Reset Textiles” strategy announced in July 2026.
The capital increase will be carried out through the issuance of new no-par-value bearer shares for cash contributions while preserving shareholders’ statutory subscription rights. The measure is expected to strengthen Lenzing’s equity base, improve its balance-sheet structure and provide greater financial flexibility as the company implements its strategic priorities.
€300 Million Capital Increase Approved
Under the resolution approved by shareholders, Lenzing will increase its share capital by approximately €300 million. The capital increase is scheduled to be completed no later than February 25, 2027.
The specific 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 adopted by the Extraordinary General Meeting and applicable statutory requirements.
According to Lenzing, the stronger equity base will improve financial stability and create additional room to pursue its strategic targets.
Support for “Grow Nonwovens, Reset Textiles”
The capital measure forms an important part of Lenzing’s “Grow Nonwovens, Reset Textiles” strategy, which focuses on strengthening the company’s financial position while realigning its business activities.
Lenzing CEO Georg Kasperkovitz said the broad support from shareholders, including major shareholders B&C Group, Suzano and Oberbank AG, demonstrates confidence in the company’s strategic direction.
He added that the capital increase will strengthen Lenzing’s financial structure and provide a foundation for improving profitability sustainably and creating long-term value.
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 at the conclusion of the Extraordinary General Meeting and will continue until the end of the Annual General Meeting that votes on the discharge of liability for the 2028 financial year.
Seiter succeeds Dr. Franz Gasselsberger, MBA, who stepped down from the Supervisory Board at his own request following the Extraordinary General Meeting.
Following the appointment, the Supervisory Board continues to have 10 members elected by the General Meeting, while five additional members are delegated by the Works Council.
Patrick Lackenbucher remains Chairman of the Supervisory Board.
Lenzing Strengthens Financial Foundation
The approved capital increase comes as Lenzing works to execute its strategic realignment and strengthen its position in the nonwovens market while resetting its textiles business.
With the additional equity, the company aims to improve financial flexibility and create the conditions required to implement its strategic priorities and pursue sustainable profitability.