Consensus Forecast
as of January 21, 2021

Please note that we only considered estimates updated after H1 2020 results (July 24, 2020)


KPIin CHF mnH2 2019H2 2020 E
SalesNumber of Estimates19
SalesHighest3,277
SalesConsensus (Mean)2,9443,109
SalesMedian3,097
SalesLowest3,044
Sales growth (in %)Number of Estimates19
Sales growth (in %)Highest11.3
Sales growth (in %)Consensus (Mean)7.25.6
Sales growth (in %)Median5.2
Sales growth (in %)Lowest3.4
Growth at CER (in %)Number of Estimates7
Growth at CER (in %)Highest10.6
Growth at CER (in %)Consensus (Mean)-8.9
Growth at CER (in %)Median8.2
Growth at CER (in %)Lowest7.7
CORE EBITDANumber of Estimates18
CORE EBITDAHighest889
CORE EBITDAConsensus (Mean)792830
CORE EBITDAMedian824
CORE EBITDALowest784
CORE EBITDA margin (in %)Number of Estimates18
CORE EBITDA margin (in %)Highest28.3
CORE EBITDA margin (in %)Consensus (Mean)26.926.7
CORE EBITDA margin (in %)Median26.6
CORE EBITDA margin (in %)Lowest25.6
CORE EBITNumber of Estimates17
CORE EBITHighest695
CORE EBITConsensus (Mean)602628
CORE EBITMedian628
CORE EBITLowest567
CORE EBIT margin (in %)Number of Estimates17
CORE EBIT margin (in %)Highest22.1
CORE EBIT margin (in %)Consensus (Mean)20.420.2
CORE EBIT margin (in %)Median20.2
CORE EBIT margin (in %)Lowest18.6
CORE net incomeNumber of Estimates17
CORE net incomeHighest550
CORE net incomeConsensus (Mean)484479
CORE net incomeMedian469
CORE net incomeLowest425
CORE EPS diluted (in CHF)Number of Estimates16
CORE EPS diluted (in CHF)Highest7.35
CORE EPS diluted (in CHF)Consensus (Mean)6.496.40
CORE EPS diluted (in CHF)Median6.27
CORE EPS diluted (in CHF)Lowest5.67
EPS reported diluted (in CHF)Number of Estimates18
EPS reported diluted (in CHF)Highest6.00
EPS reported diluted (in CHF)Consensus (Mean)4.655.08
EPS reported diluted (in CHF)Median5.17
EPS reported diluted (in CHF)Lowest4.17
Operating Cash FlowNumber of Estimates14
Operating Cash FlowHighest1,501
Operating Cash FlowConsensus (Mean)820916
Operating Cash FlowMedian909
Operating Cash FlowLowest327
Capex (excluding acquisitions)Number of Estimates18
Capex (excluding acquisitions)Highest471
Capex (excluding acquisitions)Consensus (Mean)478412
Capex (excluding acquisitions)Median412
Capex (excluding acquisitions)Lowest355

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 Vontobel, Berenberg Bank, Credit Suisse, Deutsche Bank, Equita, Goldman Sachs, J.P. Morgan Cazenove, Jefferies, KeyBanc Capital Markets, Mirabaud Securities, Morgan Stanley, New Street Research, Octavian, Société Générale, Stifel, UBS, ZKB Zürcher Kantonalbank.
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.