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Lonza Group (LONN) investor relations material
Lonza Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved CHF 6.5 billion in sales for 2025, representing 21.7% constant currency growth and CORE EBITDA of CHF 2.1 billion at a 31.6% margin, surpassing upgraded outlook and advancing strategic milestones under the One Lonza strategy.
Implemented a new operating model focused on three business platforms, improving accountability and operational performance.
Successfully integrated the Vacaville site, adding significant capacity and capabilities, now the largest US CDMO mammalian network.
CHI (Capsules & Health Ingredients) business classified as Discontinued Operations, with exit/divestment process advancing as planned.
Proposed dividend increase of 25% to CHF 5.00 per share, reflecting strong earnings.
Financial highlights
Sales reached CHF 6,531 million in 2025, up 19.2% YoY and 21.7% in constant currency, with CORE EBITDA up 24.9% to CHF 2,064 million and margin at 31.6%.
Net profit for the period was CHF 949 million, up 49% YoY; basic EPS CHF 13.04, up 53.2%.
Free cash flow for continuing business was CHF 545 million, nearly double the prior year.
CapEx for continuing business was CHF 1,277 million, with 60% allocated to growth assets across 23 projects.
Net debt/CORE EBITDA ratio at 1.4; net debt increased 14% to CHF 3,258 million.
Outlook and guidance
2026 CER sales growth expected at 11%-12%, with CORE EBITDA margin projected to exceed 32%.
CapEx intensity to normalize to high teens as a percentage of sales, aligning with the CDMO organic growth model.
FX expected to impact sales and CORE EBITDA by around -2%.
Continued focus on margin expansion, productivity, and disciplined capital allocation.
- TimeTickerHeadlineOpen
- 7 Feb514167
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Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%.
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