Full Year 2024 Lonza Group AG Earnings Call Transcript
Key Points
- Lonza Group Ltd (LZAGF) reported strong revenue growth in its CDMO business, with growth in the low 10s, adjusted for the extraordinary high base in 2023.
- The company achieved an EBITDA margin of 29%, yielding CHF1.9 billion, with significant margin expansion in the core CDMO business.
- Lonza Group Ltd (LZAGF) executed an ambitious organic growth investment program, with CapEx around 22% of revenues, supporting future growth.
- Strong cash flow of CHF470 million was reported, essential for the company's growth trajectory.
- The company expects a stronger year in 2025, with CDMO business revenues approaching 20% growth and core EBITDA margin approaching 30%.
- The CHI business experienced a decline, with revenues and EBITDA margin expected to grow only in low to mid single digits.
- The capsules and health ingredients business faced market headwinds, resulting in a 6.6% decline in constant currency.
- The company faced a high base effect from 2023 due to COVID-related revenues, impacting overall growth figures.
- There was a slight decline in overall margins due to the high base in 2023 and market headwinds in the CHI business.
- The corporate segment experienced increased core EBITDA loss due to various factors, including lower hedging gains and pension adjustments.
(video playing) Yeah, warm welcome also from my side here in Zurich to our full year results presentation through which actually Philippe and myself will guide you through and we will guide you through a set of figures of which we believe actually is a strong one underpinning our claim to be the market leader in the CMO space with significant growth potential ahead of ourselves.
So, but before we actually dive deeper into our figures and into the facts, let's take together a brief look at our safe harbor statement. Please read carefully, take note and feel bound to it. So what did we prepare for today? For parts. First of all, it's going to be about one launcher, me taking you in a fast forward fashion again through the things that we shared during our investor update on the 12 of December.
So what makes us special on what makes us so optimistic about our future over the next years? Then it's going to be the second part for Philippe and myself to dive a bit deeper into the details of what happened in 2024 before we then turn our
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