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Lonza Group reports 39.2% growth in net income
Jan '09
Lonza Group Ltd announced its financial results for the year ended on 31 December 2008.

Performance growth driven by Exclusive Synthesis and Life Science Ingredients and by cost and efficiency improvements overall:
-EBIT up 12% on a comparable basis to a record CHF 441 million
-EBIT margins up by 0.8% percentage points to 15.0% of sales
-Net income up 39.2% to CHF 419 million
-Balance sheet structure with investment grade profile due to conservative financing strategy:
-Gearing stable at 76%
-80% of debt long-term financed at fixed rates – with staggered repayment timelines
-Cash position of CHF 566 mn solely invested in fixed income money markets
-Flexibility maintained allowing for mid-sized acquisition opportunities
-Net working capital down to 19.9% of sales from 21.5% in 2007
-Number of employees rose by 9.7% since January 2008 to 8,462

Lonza Group

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