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01/26/2005
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| Results 2004 |
| After completion of the efficiency improvement and cost reduction program started in 2003, Lonza successfully rebased its business to reflect current market conditions in 2004. |
While the custom manufacturing activities continued to face a challenging business environment, the other operations had to contend with high raw material and energy prices. In line with expectations, Group operating income (before special items and amortization of goodwill) for 2004 decreased to CHF 215 million, down 28.8% against the previous year. Net income increased by 51.6% on the prior year to CHF 138 million, the 2003 figure having been affected by CHF 107 million in special after-tax items. The Board of Directors has finalized its review of the strategic options available for Lonza and is confident about the Group's future. It will propose a dividend of CHF 1.30 per share, consistent with the Group's medium- to long-term earnings capability.
The full versions of the Results 2004 are available in the download area. |
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