ROIC Improves

Lonza also reported an improved Return on Invested Capital (ROIC) of 13.2%, which is close to two times the Weighted Average Cost of Capital (WACC). Management expects ROIC to continue improving, driven by margin expectations in their organic growth model. Despite some phasing between H1 and H2, Lonza remains confident in its ability to deliver strong profitable growth in line with its CDMO organic growth model.