Swiss Lonza says Q3 results ‘solid’, on track with 2012 targets

31 October 2012 06:58  [Source: ICIS news]

SINGAPORE (ICIS)--Swiss active pharmaceutical ingredients maker Lonza said on Wednesday it is on track to meet its full-year business targets after a “solid performance” in the third quarter.

The company did not release actual financial data for the third quarter.

“Lonza’s business performance was in line with expectations in the third quarter 2012 with on target capacity utilization by all sectors, despite some macroeconomic challenges and tight inventory control at customers,” the company said in a statement.

The company expects its 2012 earnings before interest and taxes (EBIT) to rise by 10-15%.

($1 = €0.77)

By: Nurluqman Suratman

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