Lonza Share News: Lonza in the Green on Thursday Afternoon
Lonza shares are trading higher on Thursday afternoon, outperforming the broader market.
The stock is currently up by 1.5%, trading at CHF746.00 as of 12:30 PM CET. The gain comes after the company announced strong first-quarter results earlier this week.
Lonza reported a 10% increase in sales to CHF3.6 billion, driven by strong demand for its products in the healthcare and life sciences sectors.
The company also saw a 15% increase in core earnings to CHF546 million. Lonza's CEO, Marc Funk, said that the company is "well-positioned to continue to grow in 2023." He added that the company is "excited about the opportunities ahead."
Analysts are also positive on Lonza's prospects. In a note to clients, JPMorgan analyst Richard Vosser said that the company is "a leader in the CDMO market and is well-positioned to benefit from the growing demand for outsourced manufacturing services." He added that the company's "strong balance sheet and cash flow generation" will allow it to continue to invest in its business.
Lonza is a global leader in the life sciences industry. The company provides a wide range of products and services to customers in the healthcare, nutrition, and industrial sectors. Lonza has a strong track record of growth and profitability, and the company is well-positioned to continue to grow in the future.
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