Lonza Reports Solid First Half Results
Lonza has reported solid first half results across all sectors, despite economic uncertainties.
Basel-based pharma firm Lonza has reported solid first half results across all sectors, despite economic uncertainties. The company saw its net profit in the first six months decline by 3.1% to CHF94m (US$94.89; €78.26). Sales grew by 64.6% to CHF1.96bn, mainly owing to the acquisition of US firm Arch Chemicals.
The firm said demand in Custom Manufacturing was firm, resulting in high capacity utilisation in both chemical and biological plants, as well as a strong project pipeline.
Microbial Control, which now includes Arch, delivered a solid performance in the first half of 2012 in all sectors, driven by the US Water Treatment business and emerging markets.
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