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Lonza Shares Drop After Warning of 2024 Profitability Shortfall

Por: MarketWatch Business October 17, 2023

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Lonza said it expects its core earnings before interest, taxes, depreciation and amortization margin for next year to be in the high twenties percentage range, against expectations of 30.7%, according to a company-provided consensus. The company attributed its 2024 profitability outlook to an expected loss of revenue from Moderna, the comparison effect of a termination fee following Moderna's move to adjust production of its Covid-19... + full article



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