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01/20/2004
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| Results 2003 |
| In 2003 Lonza experienced a significant setback in performance. The recovery expected in the second half did not materialize. |
Group operating income (exclusive of non-recurring costs) decreased by 27.9% to CHF 302 million. The Group has decommissioned a number of fine chemicals assets yielding a non-recurring non-cash pre-tax charge of CHF 100 million (totalling CHF 158 million of non-recurring charges for the full year). Net income after all charges declined to CHF 91 million (58.8% lower than 2002). The Board of Directors will propose a dividend of CHF 1.30 per share.
The full versions of the results 2003 are available in the download area |
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