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Lonza Group Continues To Leverage Biopharma's Optimization Push

Lonza Group remains a leading CDMO, capitalizing on biopharma's shift to outsourced manufacturing and complex drug production. LZAGY delivered strong H2 results: 17% CDMO revenue growth, 28% EBITDA growth, and margin expansion to 32.8%. Management guides for 11%–12% CDMO growth and EBITDA margins above 32% in 2026, with free cash flow turning positive next year.

Seeking Alpha • Jan 29, 2026

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