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04.08.2020 – 19:26

Lenzing AG

EANS-Adhoc: Lenzing AG
Lenzing announces new guidance for the 2020 financial year

  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.

Earnings Forecast

Lenzing - As a result of the global COVID-19 crisis, the Lenzing Group suspended
on March 24 its guidance for 2020 due to the very limited market visibility.
Whilst it remains difficult to give a precise outlook for 2020, Lenzing assumes
from today's perspective that the revenue generation and operating performance
of the remaining two quarters will exceed those of the second quarter.

The Lenzing Group's results for the first half-year will be published on August
05, 2020.

Further inquiry note:
Filip Miermans
Vice President Corporate Communications & Public Affairs
Lenzing AG
Telefon: +43 664 8477802

end of announcement                         euro adhoc
issuer:       Lenzing AG

              A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
ISIN:         AT0000644505
indexes:      ATX, WBI
stockmarkets: Wien
language:     English