Lenzing Ag Ord (LNZNF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Gentlemen, welcome to the Lansing AG Q2 and half-year results 2026 conference call-in live webcast. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star N1 on your telephone. For operator assistance, please press star N0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Georg Kasperkovitz, CEO. Please go ahead, sir. Good afternoon, everyone. Thank you for joining us. We are excited to present Lansing Staff Year 1, 2026 results after recently presenting our new strategy to you. For the course of today's presentation, we will walk you through the key highlights of the last six months, discuss the market dynamics, and of course, present our half-year one 2026 financial results. I will take you through the highlights in the market. Mathias Breuer, our CFO, will lead you through the financials. The headline for the first half is 20 with resilience. against the backdrop of hated demand volatility and uncertainty as well as the cost increases caused by the Middle East conflict, the business demonstrated resilience and improvement. Revenue was only modestly lower than half year 1, 2025, despite a particularly strong half year 1, 2025 comparison base and the consequent pruning of low margin volumes in half year 1, 2026. So holding close to that level with increased average sales prices is a reassuring achievement. It reflects our deliberate focus on value over volume and the self-help measures which we already rigorously pursued. Below the top line, the same discipline shows through in strong cost-profit and EBITDA improvement of the fiber di...