Lonza Group Ltd

LONN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lonza Earnings: Solid Demand for ADC and Biologics Supports Multiyear Growth

Rachel Elfman

Jul 22, 2026

Lonza reported sales of CHF 3.4 billion in the first half of 2026, up 16% at constant exchange rates from the prior-year period. Management maintained its 2026 outlook of 11%-12% sales growth, but it raised the core EBITDA margin outlook to 33%-34%. Shares fell nearly 5% on July 22.

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Lonza Group Ltd

Lonza Earnings: Solid Demand for ADC and Biologics Supports Multiyear Growth

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