CORE Results as Defined by Lonza

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, 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.


Major shareholders according to SIX Swiss Exchange Disclosure Office (as of 20 Feb 2018)

BlackRock, Inc.


Find historical shareholding disclosures on the SIX Exchange Regulation website.


Lonza’s Investment Grade Rating Maintained Post FY 2016 Results

Following Lonza’s full-year 2016 results presentation on 25 January 2017 a number of the leading Swiss  banks have re-evaluated Lonza’s investment rating. Following their analysis and Lonza’s announced intention to acquire Capsugel in December 2016, the banks came to the conclusion that Lonza’s investment grade rating should be maintained. At the end of 2016 the Company’s net debt amounted to CHF 1584 million, giving  a debt-equity ratio of 0.67 and a net debt/EBITDA ratio of 1.73x.



The policy is to pay between 25% and 40% of net profit to shareholders in the form of dividends. At the 2017 Annual General Meeting of the Shareholders, held on Tuesday, 25 April 2017, the shareholders followed the proposal of the Board of Directors and voted for a payment of a dividend (out of reserves from capital contribution) of CHF 2.75 per share for the fiscal year 2016.


Currency Exposure

Lonza has an extremely good natural hedge. The currency exposure reflects as follows:

                Sales         Cost        
USD  50% 45%
CHF ~20% 25%
EUR ~15% 15%
GBP  5%  5%
CNY 4%  4%
Other 9%  6%

Hedging policy / foreign exchange management policy and process:

  • Focus on natural hedge
  • Contract hedging
  • Central hedging
  • Partial, forward hedging of net exposure


Pension Benefits

The group operates defined-benefit pension plans in various countries, with the major plans in Switzerland, Great Britain and the United States (these plans are described in the the Annual Report 2016 on pages 126-128). For pension accounting purposes, these plans are considered as defined benefit plans.

The significant actuarial assumptions at the reporting date (expressed as weighted averages) were as follows:

 in %  2016  2015
                                                    CH        US        UK          CH       US       UK      
Discount rate  0.69
2.72 0.80
Future salary increases 1.00 0.00 3.42 1.00 0.00 3.29
Future pension increases n/a 0.00 2.45 n/a 0.00 2.33


Additional information on Employee Benefit Liabilities e.g:

  • Movements of the defined benefit liability
  • Mortality assumptions
  • Sensitivity analysis
  • Detail of plan assets
  • Defined benefit obligations and plan assets by country

are disclosed in the Annual Report 2016 on pages 129-131.


How Much Does Lonza Spend on Research and Development (R&D)?

Research & Development (R&D) costs include all primary costs directly related to this function, as well as internal services and imputed depreciation.These costs are incurred for:

  • Development of new products and services
  • Improvement of existing products and services
  • Development of new production processes
  • Improvement of existing production processes
  • Cost for patents
  • Purchase price for product and process know-how to the extent not capitalized

In 2016 the research and development costs amounted to CHF 144 million (2015: CHF 185 million) and represent the full range of R&D activity. However, the consolidated income statement discloses research and development costs of only CHF 84 million (2015: CHF 103 million), as the remainder of such costs are absorbed in “Cost of goods sold” for R&D products and services sold.                 


Where are Lonza Shares Traded?

Lonza shares are traded at the SIX Stock Exchange in Zurich the home market for the Swiss Leader Index (SLI) and at the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”). Lonza has secondary listing at SGX Singapore Exchange.


What is the Stock Symbol?

The stock symbol for Lonza shares at the SIX is LONN VX and O6Z at the SGX-ST.

Security Number:

Valor 001384101
ISIN CH0013841017 


Lonza's Share Register

Share Register - Registration
c/o Computershare Schweiz AG
P.O. Box
CH-4601 Olten, Switzerland
Tel +41 62 205 7700
Fax +41 62 205 7790


How Many Shares Does Lonza Have Issued?

On 10 May 2017 Lonza Announced the Successful Results of the Rights Offering. The number of registered shares of Lonza after completion of the rights offering will amount to 74,468,752. The first day of trading of the newly issued shares on SIX Swiss Exchange was on 12 May 2017.

Registered shares
2016 2015 
Number of shares issued
52,920,140  52,920,140
Number of shares ranking for dividend
52,791,249  52,282,635
Par value per share CHF 1 1
Net income (equity holders of the parent) million CHF 301 277
Diluted net income million CHF 301  277
Ratios per security
2016  2015
Weighted average number of shares
52,538,465 52,268,315
Diluted weighted average number of shares
52,865,872 52,693,239
Basic earnings per share CHF 5.73 5.30
Diluted earnings per share CHF 5.69 5.26


What is Lonza Doing to Protect the Environment?

Lonza is committed to generating sustainable added value. This is only possible if ecological, social as well as economic objectives are met. Our highest priorities are personal safety and environmentally sound processes and products. For more information, please visit our Environment, Safety & Health section.


What is Lonza Position on Corporate Governance?

Lonza has implemented modern corporate governance structures to ensure accountability, responsibility and transparency throughout the Group and for its shareholders. Corporate governance reporting is in compliance with the guidelines of SWX Swiss Exchange. For more information, please refer to the section relating to Corporate Governance.


Where Can I Obtain More Information?

Don’t hesitate to contact the Investor Relations team.