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Lonza Group AG to Discuss the Carve-out of Lonza Specialty Ingredients Call Transcript
Ladies and gentlemen, welcome to the Lonza's Investor and Analyst Conference Call. I'm Alexander, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. (Operator Instructions)
The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Mr. Marc Funk, CEO of Lonza. Please go ahead, sir.
Thanks to you all for joining this ad hoc call. I know you received the invitation at short notice, so I appreciate you finding the time. By now, you will already have seen our news. Today, we have announced our decision to carve out the Specialty Ingredients segment from the Lonza business.
Before I talk about the announcement in detail, I want to explain our decision to arrange this call. I know it has not been standard practice for Lonza to schedule ad hoc calls before now. This may lead you to think that we are making a major announcement today. Yes, this is an important move for us. It is also a logical conclusion to a
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