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Lonza Group
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.H2 2025 earnings summary28 Jan, 2026
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 the One Lonza strategy.
Strong business momentum across all technology platforms, with robust commercial contracting, successful integration of the Vacaville facility, and CHI business reported as Discontinued Operation.
Implemented a new operating model focused on three business platforms to enhance accountability and operational excellence.
Signed over CHF 10 billion in new commercial contracts, supporting long-term growth.
Advanced sustainability goals, achieving greenhouse gas and waste intensity targets five years ahead of schedule.
Financial highlights
2025 sales reached CHF 6,531 million, up 19.2% year-over-year, with CORE EBITDA up 24.9% to CHF 2,064 million and margin improved by 1.4 percentage points to 31.6%.
Net profit for the period was CHF 949 million, up 49% year-over-year; basic EPS CHF 13.04, up 53.2%.
Free cash flow nearly doubled to CHF 545 million, driven by disciplined CapEx and working capital management.
CapEx spend was CHF 1.3 billion, with 60% allocated to growth projects.
Dividend proposed to increase by 25% to CHF 5 per share.
Outlook and guidance
2026 CER sales growth expected at 11%-12% with CORE EBITDA margin projected to exceed 32%, entering the 32%-34% corridor previously targeted for 2028.
CapEx to normalize to high teens as a percentage of sales over the midterm, with focus on cash generation and operational excellence.
FX expected to impact sales and CORE EBITDA by around -2%.
Continued focus on executing 23 global growth projects and driving further margin expansion.
What drove Specialized Modalities sales decline?
How did One Lonza impact operational performance?
What is the net asset value of CHI for sale?
Vacaville's expected revenue at full potential
Lonza's financial thresholds for growth investments
Regionalization's impact on new business allocation
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Frequently asked questions
Lonza Group AG offers contract development and manufacturing services to the pharmaceutical, biotechnology, and specialty ingredients markets. The company supports drug production across biologics, small molecules, and cell and gene therapy, along with nutrition and personal care ingredients. It operates manufacturing and research facilities globally. The company is headquartered in Basel, Switzerland, and its shares are listed on the SIX.
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