Lonza Group AG / Key word(s): Conference/Forecast
12-Oct-2021 / 07:01 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad Hoc News Release Pursuant to Art. 53 Listing Rules
Basel, Switzerland, 12 October 2021 – At its Capital Markets Day hosted today, Lonza provided more details of the company’s strategic priorities at a Group and divisional level. The following key priorities support the company’s continuing commitment to sustainable value creation:
The favorable market dynamics across Lonza’s businesses create attractive investment opportunities, reflected in the company’s growth plans. Lonza is accelerating its de-risked long-term investment program to ensure it can capture increasing market demand and capitalize on future opportunities. These investments will allow Lonza to drive strong growth in the mid-to-long term. The company anticipates 2021 Full-Year CAPEX to reach around 25% of sales and remain elevated at current levels for the next few years, returning to high-teens by 2025.
During today’s event, Lonza also outlined each division’s strategic and innovation priorities. All Divisions are growing ahead of their reference markets, building on growth investments and innovation. The Biologics division remains the primary driver for growth with an increased focus on innovations across all businesses. Innovation priorities include next-generation modalities, manufacturing optimization and automation.
Driven by strong momentum across businesses, Lonza has updated its 2024 Group and divisional Mid-Term Guidance. At a Group level, the company anticipates:
At a divisional level, Lonza updated its Guidance as follows:
Founded in 1897 in the Swiss Alps, today, Lonza operates across five continents. With approximately 15,000 employees, we comprise high-performing teams and individual talent that make a meaningful difference to our own business, as well as to the communities in which we operate. The company generated sales of CHF 2.5 billion with a CORE EBITDA of CHF 847 million in H1 2021. Find out more at www.lonza.com
End of ad hoc announcement
|Company:||Lonza Group AG|
|Phone:||+4161 316 81 11|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1239959|
|End of Announcement||EQS Group News Service|