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

KPI	in CHF mn	H2 2025	H1 2026	H2 2026 E
Sales	Number of Estimates			22
Sales	Highest			3,828
Sales	Consensus (Mean)	3,497	3,374	3,753
Sales	Median			3,754
Sales	Lowest			3,681
Sales growth (in %)	Number of Estimates			22
Sales growth (in %)	Highest			9.5
Sales growth (in %)	Consensus (Mean)	17.3	11.2	7.3
Sales growth (in %)	Median			7.4
Sales growth (in %)	Lowest			5.3
Growth at CER (in %)	Number of Estimates			18
Growth at CER (in %)	Highest			9.1
Growth at CER (in %)	Consensus (Mean)	20.4	16.0	7.8
Growth at CER (in %)	Median			8.0
Growth at CER (in %)	Lowest			5.8
CORE EBITDA	Number of Estimates			22
CORE EBITDA	Highest			1,288
CORE EBITDA	Consensus (Mean)	1,142	1,175	1,222
CORE EBITDA	Median			1,222
CORE EBITDA	Lowest			1,183
CORE EBITDA margin (in %)	Number of Estimates			22
CORE EBITDA margin (in %)	Highest			33.9
CORE EBITDA margin (in %)	Consensus (Mean)	32.7	34.8	32.6
CORE EBITDA margin (in %)	Median			32.5
CORE EBITDA margin (in %)	Lowest			31.8
continuing CORE net income	Number of Estimates			19
continuing CORE net income	Highest			746
continuing CORE net income	Consensus (Mean)	-	604	684
continuing CORE net income	Median			674
continuing CORE net income	Lowest			613
continuing CORE EPS diluted (in CHF)	Number of Estimates			16
continuing CORE EPS diluted (in CHF)	Highest			10.81
continuing CORE EPS diluted (in CHF)	Consensus (Mean)	8.60	8.61	9.79
continuing CORE EPS diluted (in CHF)	Median			9.60
continuing CORE EPS diluted (in CHF)	Lowest			8.97
continuing EPS reported diluted (in CHF)	Number of Estimates			15
continuing EPS reported diluted (in CHF)	Highest			9.91
continuing EPS reported diluted (in CHF)	Consensus (Mean)	7.33	8.16	8.94
continuing EPS reported diluted (in CHF)	Median			8.97
continuing EPS reported diluted (in CHF)	Lowest			7.69
Operating Cash Flow incl. discont operations	Number of Estimates			16
Operating Cash Flow incl. discont operations	Highest			1,338
Operating Cash Flow incl. discont operations	Consensus (Mean)	778	657	1,094
Operating Cash Flow incl. discont operations	Median			1,114
Operating Cash Flow incl. discont operations	Lowest			815
Capex (excluding acquisitions) incl. discont operations	Number of Estimates			19
Capex (excluding acquisitions) incl. discont operations	Highest			913
Capex (excluding acquisitions) incl. discont operations	Consensus (Mean)	731	530	733
Capex (excluding acquisitions) incl. discont operations	Median			702
Capex (excluding acquisitions) incl. discont operations	Lowest			609

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

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.