Half-Year Estimates | Full-Year Estimates | Analyst Coverage

KPI	in CHF mn	H1 2023	H1 2024 E
Sales	Number of Estimates		8
Sales	Highest		3,175
Sales	Consensus (Mean)	3,078	3,068
Sales	Median		3,054
Sales	Lowest		2,965
Sales growth (in %)	Number of Estimates		8
Sales growth (in %)	Highest		3.2
Sales growth (in %)	Consensus (Mean)	3.2	-0.3
Sales growth (in %)	Median		-0.8
Sales growth (in %)	Lowest		-3.7
Growth at CER (in %)	Number of Estimates		6
Growth at CER (in %)	Highest		6.5
Growth at CER (in %)	Consensus (Mean)	5.6	2.6
Growth at CER (in %)	Median		2.3
Growth at CER (in %)	Lowest		-0.5
CORE EBITDA	Number of Estimates		8
CORE EBITDA	Highest		856
CORE EBITDA	Consensus (Mean)	922	821
CORE EBITDA	Median		836
CORE EBITDA	Lowest		733
CORE EBITDA margin (in %)	Number of Estimates		8
CORE EBITDA margin (in %)	Highest		28.2
CORE EBITDA margin (in %)	Consensus (Mean)	30.0	26.7
CORE EBITDA margin (in %)	Median		27.0
CORE EBITDA margin (in %)	Lowest		24.7
CORE net income	Number of Estimates		6
CORE net income	Highest		506
CORE net income	Consensus (Mean)	454	381
CORE net income	Median		372
CORE net income	Lowest		301
CORE EPS diluted (in CHF)	Number of Estimates		5
CORE EPS diluted (in CHF)	Highest		7.04
CORE EPS diluted (in CHF)	Consensus (Mean)	6.12	5.33
CORE EPS diluted (in CHF)	Median		5.40
CORE EPS diluted (in CHF)	Lowest		4.17
EPS reported diluted (in CHF)	Number of Estimates		5
EPS reported diluted (in CHF)	Highest		7.04
EPS reported diluted (in CHF)	Consensus (Mean)	5.54	5.28
EPS reported diluted (in CHF)	Median		5.20
EPS reported diluted (in CHF)	Lowest		4.08
Operating Cash Flow	Number of Estimates		2
Operating Cash Flow	Highest		724
Operating Cash Flow	Consensus (Mean)	703	652
Operating Cash Flow	Median		652
Operating Cash Flow	Lowest		581
Capex (excluding acquisitions)	Number of Estimates		2
Capex (excluding acquisitions)	Highest		825
Capex (excluding acquisitions)	Consensus (Mean)	765	813
Capex (excluding acquisitions)	Median		813
Capex (excluding acquisitions)	Lowest		800

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.

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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.