Lenzing Ag Ord (LNZNF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Lensiq-AG analyst conference call and live webcast. My name is Yousef, the Coruscant operator. I would like to remind you that all participants will be in listen-only mode and that this conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star followed by 1 on your telephone. For operator assistance, please press star and then 0. The conference must not be recorded for publication or for broadcast. At this time, it's my pleasure to hand over to Rohit Agrawal, CEO. Please go ahead. 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. Revenue and EBITDA continue 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 customs policy that we are observing. Our revenue reached 1.34 billion euros, an increase of 2% compared to the first half of 2024. EBITDA increased by 63% and reached 269 million euros in the first six months, and the EBITDA margin increased from 13% to 20%. Unlevered free cash flow was at 89 million euros 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 debit measures and the resultant uncertainty led to tangible stress along the textile value chain and slowed our recovery. Now let us address a topic that has been very much characterized th...