Lonza Shares Rise on Sales, Earnings Beat.

Lonza, a Swiss pharmaceutical company, reported a 10.9% increase in sales for 2023, reaching CHF 6.7 billion ($6.9 billion). The reported growth was driven by Lonza's Biologics and Small Molecules divisions. Lonza continued its growth investment strategy with a 25% CAPEX of sales. For 2024, the company plans to maintain its CAPEX at 25% of sales, with flat CER sales growth and a CORE EBITDA margin in the high twenties. Lonza's Chairman, Albert Baehny, plans to step down after the annual general meeting in May 2024, with Jean-Marc Huet proposed as his successor.

January 26, 2024
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