rewrite this title Lenzing Aktiengesellschaft (LNZNF) Q2 2025 Earnings Call Transcript

Lenzing Aktiengesellschaft (OTCPK:LNZNF) Q2 2025 Earnings Conference Call August 7, 2025 9:00 AM ET

Company Participants

Nico Reiner – CFO & Member of Management BoardRohit Aggarwal – CEO & Chairman of Management Board

Conference Call Participants

Christian Faitz – Kepler Cheuvreux, Research DivisionLars Vom-Cleff – Deutsche Bank AG, Research DivisionPatrick Steiner – ODDO BHF Corporate & Markets, Research DivisionSebastian Growe – BNP Paribas Exane, Research DivisionSebastian Christian Bray – Joh. Berenberg, Gossler & Co. KG, Research Division

Operator

Good afternoon, ladies and gentlemen, and welcome to the Lenzing AG Analyst Conference Call and Live Webcast. My name is Youssef, the Chorus Call operator. [Operator Instructions] This conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast. At this time, it’s my pleasure to hand over to Rohit Agrawal, CEO. Please go ahead sir.

Rohit Aggarwal

Thank you, and good afternoon to everyone. Ladies and gentlemen, welcome to the presentation of Lenzing’s results of first half 2025. With us today is also Nico Reiner, our CFO, whom you know well. But let’s start with an overview of the key developments. Our revenue and EBITDA continued to improve also in first half of this year in a market environment that remains challenging and is marked by the rise in geopolitical uncertainty, especially the aggressive customer policy that we are observing.

Our revenue reached EUR 1.34 billion, an increase of 2% compared to first half of 2024. EBITDA increased by 63% and reached EUR 269 million in the first 6 months, and the EBITDA margin increased from 13% to 20%. Unlevered free cash flow was at EUR 89 million in the first half of 2025 with an increase in the second quarter compared to the first quarter this year. Overall, our performance continues to show positive developments. However, international tariff measures and the