Lonza reported H1 16 earnings which show a +6% increase in sales (+4.7% at CER) to CHF1,904m, a +14.3% increase in core EBITDA to CHF447m, +20% in core EBIT (CHF312m) and an 18.3% drop in net to CHF1,505m (vs CHF1,842m a year ago and CHF1,660m at year-end 2015). Operating cash flow is down some 12% to CHF264m. With these numbers the group raises its 2016 outlook, now calling for a double-digit increase in core EBIT (vs at least +5% previously) while management keeps its « long-term &raq
20 Jul 2016
H1 16 earnings: hats off !
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H1 16 earnings: hats off !
Lonza Group AG (0QNO:LON) | 0 0 0.0% | Mkt Cap: 22,735m
- Published:
20 Jul 2016 -
Author:
Fabrice Farigoule -
Pages:
2
Lonza reported H1 16 earnings which show a +6% increase in sales (+4.7% at CER) to CHF1,904m, a +14.3% increase in core EBITDA to CHF447m, +20% in core EBIT (CHF312m) and an 18.3% drop in net to CHF1,505m (vs CHF1,842m a year ago and CHF1,660m at year-end 2015). Operating cash flow is down some 12% to CHF264m. With these numbers the group raises its 2016 outlook, now calling for a double-digit increase in core EBIT (vs at least +5% previously) while management keeps its « long-term &raq