Consensus Forecast
as of February 23, 2021

Please note that we only considered estimates updated after FY 2020 results (January 27, 2021)


KPIin CHF mnFY 2020FY 2021 EFY 2022 EFY 2023 E
SalesNumber of Estimates161513
SalesHighest5,1465,6626,336
SalesConsensus (Mean)4,5084,9885,5556,134
SalesMedian4,9995,5566,133
SalesLowest4,8905,3535,833
Sales growth (in %)Number of Estimates161513
Sales growth (in %)Highest14.212.912.5
Sales growth (in %)Consensus (Mean)7.210.711.210.6
Sales growth (in %)Median10.911.111.0
Sales growth (in %)Lowest8.59.08.8
Growth at CER (in %)Number of Estimates10109
Growth at CER (in %)Highest15.412.912.5
Growth at CER (in %)Consensus (Mean)12.012.711.510.7
Growth at CER (in %)Median12.811.411.0
Growth at CER (in %)Lowest9.09.09.0
CORE EBITDANumber of Estimates151513
CORE EBITDAHighest1,6551,9032,178
CORE EBITDAConsensus (Mean)1,4061,5971,8282,072
CORE EBITDAMedian1,5901,8192,099
CORE EBITDALowest1,5661,7411,932
CORE EBITDA margin (in %)Number of Estimates151513
CORE EBITDA margin (in %)Highest32.933.735.1
CORE EBITDA margin (in %)Consensus (Mean)31.232.032.933.8
CORE EBITDA margin (in %)Median31.933.033.8
CORE EBITDA margin (in %)Lowest31.431.732.3
CORE EBITNumber of Estimates141413
CORE EBITHighest1,3131,5131,747
CORE EBITConsensus (Mean)1,0941,2431,4311,654
CORE EBITMedian1,2411,4331,649
CORE EBITLowest1,2031,3841,556
CORE EBIT margin (in %)Number of Estimates141413
CORE EBIT margin (in %)Highest26.026.928.5
CORE EBIT margin (in %)Consensus (Mean)24.324.925.827.0
CORE EBIT margin (in %)Median25.025.927.0
CORE EBIT margin (in %)Lowest24.124.425.4
CORE net incomeNumber of Estimates141413
CORE net incomeHighest1,0311,1751,391
CORE net incomeConsensus (Mean)9139591,1171,321
CORE net incomeMedian9631,1311,308
CORE net incomeLowest8159321,235
CORE EPS diluted (in CHF)Number of Estimates141413
CORE EPS diluted (in CHF)Highest15.6817.8319.00
CORE EPS diluted (in CHF)Consensus (Mean)12.1913.1615.3617.70
CORE EPS diluted (in CHF)Median12.9415.1717.51
CORE EPS diluted (in CHF)Lowest12.3714.3516.25
EPS reported diluted (in CHF)Number of Estimates121110
EPS reported diluted (in CHF)Highest12.1013.9316.94
EPS reported diluted (in CHF)Consensus (Mean)9.7711.0213.0915.64
EPS reported diluted (in CHF)Median10.9713.2215.42
EPS reported diluted (in CHF)Lowest10.5012.2013.99
Dividend (in CHF)Number of Estimates161513
Dividend (in CHF)Highest4.254.244.94
Dividend (in CHF)Consensus (Mean)3.003.123.443.74
Dividend (in CHF)Median3.003.363.85
Dividend (in CHF)Lowest2.752.752.75
Operating Cash FlowNumber of Estimates121211
Operating Cash FlowHighest2,7501,8402,008
Operating Cash FlowConsensus (Mean)-1,4431,4971,683
Operating Cash FlowMedian1,2881,4661,630
Operating Cash FlowLowest1,0761,2571,449
Capex (excluding acquisitions)Number of Estimates121211
Capex (excluding acquisitions)Highest1,0611,1051,048
Capex (excluding acquisitions)Consensus (Mean)-870896829
Capex (excluding acquisitions)Median893900843
Capex (excluding acquisitions)Lowest587562602

CORE Definition

Lonza believes that disclosing CORE results of the Group´s performance enhances the financial markets´ understanding of our company because the CORE results enable better comparison across years.

Therefore, the CORE results exclude exceptional items such as restructuring charges, acquisition-related costs, environmental-remediation costs, impairments and amortization of acquisition-related intangible assets, which can differ significantly from year to year. For this same reason, Lonza uses these CORE results in addition to IFRS as important factors in internally assessing the Group´s performance.

Provided by

Vara Research

The earnings estimates of the following institutions were included in the above figures
AlphaValue, Baader Helvea, Bank of America, Bank Vontobel, Berenberg Bank, Credit Suisse, Deutsche Bank, Equita, Goldman Sachs, J.P. Morgan Cazenove, Jefferies, KeyBanc Capital Markets, Mirabaud Securities, Morgan Stanley, Octavian, William Blair.
Disclaimer

This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.