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MarketScreener Homepage  >  Equities  >  WIENER BOERSE AG  >  Lenzing Aktiengesellschaft    LENV   AT0000644505

LENZING AKTIENGESELLSCHAFT

(LENV)
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Lenzing : wins Upper Austrian State Prize for Innovation 2019

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10/25/2019 | 10:51am EST

Biodegradable nonwovens for a clean environment
Pollution of the environment by plastics ranks among the most urgent problems of our time. Each day millions of hygiene products and wipes across the globe end up in the garbage and in wastewater. Most of them are comprised of up to 80% polyester and other non-biodegradable fossil materials which strongly burden the environment.
With the LENZING™ Web Technology, Lenzing has developed a patented technology designed to confront this problem. Sustainable and ecologically compatible nonwoven fabrics are manufactured from the renewable raw material wood. These nonwoven fabrics are not only plastic-free but also stand out due to their particularly high environmental friendliness. 'Thanks to the unique self-bonding mechanism, in which filaments bond with each other during the laydown process, binding agents found in many nonwovens are no longer required. Accordingly, the nonwoven fabrics produced on the basis of the LENZING™ Web Technology are 100% biodegradable and burden neither people nor the environment', says Project Manager Gisela Goldhalm.

LENZING™ Web Technology as a solution for the future
'Our objective is to continuously grow with sustainable innovations and take a close look at life and the needs of this world and human beings, above and beyond the production of fibers', says Lenzing CEO Stefan Doboczky. 'With the LENZING™ Web Technology, we have created an exciting and promising solution for ecologically compatible products in the spirit of our corporate strategy sCore TEN, and sustainably support consumers with their daily needs', he adds.

Disclaimer

Lenzing AG published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 14:50:02 UTC

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Financials (EUR)
Sales 2019 2 156 M
EBIT 2019 208 M
Net income 2019 155 M
Debt 2019 377 M
Yield 2019 3,41%
P/E ratio 2019 15,1x
P/E ratio 2020 16,0x
EV / Sales2019 1,26x
EV / Sales2020 1,35x
Capitalization 2 348 M
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Technical analysis trends LENZING AKTIENGESELLSCHAFT
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 5
Average target price 91,30  €
Last Close Price 88,45  €
Spread / Highest target 14,8%
Spread / Average Target 3,22%
Spread / Lowest Target -9,55%
EPS Revisions
Managers
NameTitle
Stefan Doboczky Chief Executive Officer
Peter Edelmann Chairman-Supervisory Board
Thomas Obendrauf Chief Financial Officer
Heiko Arnold Chief Technology Officer
Veit Sorger Deputy Chairman-Supervisory Board
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