Fashion
Lenzing expands PV capacity with new 1.3 MWp plant
The Lenzing Group, a leading provider of regenerated cellulose fibers for the textile and nonwoven industries, is setting another milestone in the energy transition by expanding its photovoltaic capacities at its Lenzing site. Together with VERBUND, a new PV plant with a capacity of 1.3 megawatts peak (MWp) has been commissioned, increasing the total capacity of the PV plant park to 8.3 MWp. Lenzing is thereby investing in a stable and diversified energy supply and is also making an active contribution to the energy transition. VERBUND is accompanying Lenzing on its path to energy independence and, as a reliable partner, is providing significant support for the expansion of renewable energies.
Lenzing has expanded its photovoltaic capacity at its Lenzing site with a new 1.3 MWp plant built with VERBUND, raising total PV capacity to 8.3 MWp.
Alongside hydropower, wind, and biomass projects, these investments support energy independence and sustainability goals.
Lenzing’s net-zero target, validated by SBTi, makes it the only fibre producer with a confirmed science-based goal.
In recent years, Lenzing has continuously invested in the expansion of renewable electricity and energy sources. In addition to its PV plant park, the company operates numerous other sustainable energy projects, including three small hydropower plants with a total output of 2.3 MW. In addition, several supply contracts have been concluded in recent years, for example with WLK energy for the purchase of around 13 MW of wind energy, and with green electricity producers Enery and Energie Steiermark to finance a photovoltaic plant with a capacity of 5.5 MWp in the district of Deutschlandsberg.
“To ensure our long-term competitiveness, we are focusing on a sustainable energy mix of biomass, photovoltaics, wind energy, and hydropower. Investments in renewable energies and production that is as energy autonomous as possible are central components of our strategy. Political support – for example, through electricity price subsidies – is equally essential in order to achieve our ambitious sustainability and climate goals,” explains Christian Skilich, member of the Lenzing Group Executive Management.
Martin Wagner, Managing Director of VERBUND Energy4Business, emphasizes the importance of this strategic cooperation: “The partnership with Lenzing is an important step for us toward a sustainable energy future.
Together, we are not only shaping energy independence of companies, but also actively contributing to the energy transition. The new photovoltaic system is further proof that we are driving forward the transformation of the energy market through cooperation. VERBUND remains a reliable partner in supporting companies such as Lenzing on their path to a more sustainable future.”
Lenzing is thus also steadily moving closer to its net-zero target. Lenzing updated its climate targets for 2024 to align its commitment to climate protection with the goals of the Paris Agreement to limit global temperature rise to 1.5 degrees Celsius. The Science Based Targets Initiative (SBTi), the leading authority on climate-related target setting, reviewed and confirmed the target increase. Lenzing is the only producer of regenerated cellulose fibers with a scientifically confirmed net-zero target.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
Wholesale revenue dropped 12.8 per cent on a currency-adjusted basis to €4.9 billion, while direct-to-consumer (DTC) sales increased 3.4 per cent, lifting the DTC share to 32.4 per cent from 28.9 per cent.
Regionally, sales fell 6.9 per cent in Europe, Middle East and Africa (EMEA), 7.4 per cent in Asia-Pacific and 10 per cent in the Americas, with North America driving much of the decline.
Puma has reported sales of €7.3 billion (~$8.61 billion) in FY25, with currency-adjusted revenue down 8.1 per cent amid strategic reset actions.
Wholesale declined while DTC share increased.
Margins contracted and EBIT turned negative, leading to a net loss.
Q4 saw sharper declines across regions and categories.
Puma expects further sales softness and negative EBIT in FY26.
By product segment, footwear sales decreased 7.1 per cent, apparel declined 9.7 per cent and accessories fell 8.5 per cent, although selective growth was observed in running, training and premium sport style lines, Puma said in a press release.
Profitability weakened significantly during the year. Gross margin contracted 260 basis points to 45.0 per cent, impacted by promotional activity, inventory reserves, unfavourable mix and currency effects. Adjusted EBIT turned negative at €165.6 million, while reported EBIT declined to -€357.2 million after €191.6 million in one-off costs related mainly to the cost efficiency programme and goodwill impairments.
Loss from continuing operations widened to -€643.6 million, translating to earnings per share of -€4.37 versus €1.88 in the prior year.
From a balance sheet perspective, inventories rose 2.3 per cent to €2.06 billion as inventory takebacks from wholesale partners supported distribution clean-up. Working capital increased 20.2 per cent, while trade receivables and payables declined sharply in line with reduced sales and purchasing activity. Puma ended the year with additional financing capacity, including €1,202.2 million in unutilised credit lines.
Fourth quarter (Q4) performance reflected the peak impact of the strategic reset. Currency-adjusted sales declined 20.7 per cent to €1,564.9 million, with reported revenue down 27.2 per cent due to currency headwinds. The decline was driven by deliberate reductions in wholesale exposure, inventory clearance actions and lower promotional intensity.
Wholesale sales fell 27.7 per cent in Q4, while DTC revenue decreased 8.0 per cent, although DTC share increased to 41.1 per cent from 35.5 per cent. Regionally, sales dropped 12.6 per cent in Asia-Pacific, 22.2 per cent in the Americas and 24.3 per cent in EMEA.
Across product divisions, footwear sales declined 25.4 per cent, apparel fell 13.7 per cent and accessories dropped 18.2 per cent, with selective resilience in training and performance running categories.
Profitability deteriorated sharply. Gross margin declined to 40.2 per cent from 47.7 per cent due to promotions, inventory provisions and currency effects. Adjusted EBIT fell to -€228.8 million, while reported EBIT reached -€307.7 million following one-off costs linked to restructuring and impairment charges. The quarter ended with a loss from continuing operations of -€335 million.
Arthur Hoeld, CEO of Puma, said: “2025 was a reset year for us. We want to establish Puma as a top 3 sports brand globally, return to above-industry growth and generate healthy profits in the medium term. It is crucial to make the Puma brand less commercial and ensure we once again excite our consumers with attractive products, compelling storytelling and distribution in the right channels. I am satisfied with the progress we have made so far. We cleaned up most of our distribution by reducing promotions in our own channels and cutting our exposure to those wholesale channels that damage our brand’s desirability. To better position our product icons and our performance offering and tell more engaging product stories, we created the right structures inside our company. We also addressed operational inefficiencies and further optimised our cost base.”
Looking ahead, Puma expects currency-adjusted sales in fiscal 2026 to decline in the low- to mid-single-digit percentage range, with EBIT projected between -€50 million and -€150 million. Capital expenditure of around €200 million is planned as the company continues investments in brand repositioning and digital capabilities, added the release.
Fibre2Fashion News Desk (SG)
Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
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