Lonza Group AG (LZAGY) Q1 2024 Earnings Call Transcript

Lonza Group AG (OTCPK:LZAGY) Q1 2024 Earnings Conference Call May 14, 2024 8:00 AM ET

Company Participants

Albert Baehny – Interim Chief Executive Officer & Chairman of the Board of Directors
Philippe Deecke – Chief Financial Officer

Conference Call Participants

Gary Steventon – BNP Paribas
Charles Pitman – Barclays
Vineet Agrawal – Citigroup
Thibault Boutherin – Morgan Stanley
James Vane-Tempest – Jefferies International
Patrick Rafaisz – UBS
Charles Weston – RBC Capital Markets
Maxwell Smock – William Blair
Falko Friedrichs – Deutsche Bank
Charlie Haywood – Bank of America
Stephan Wulf – Oddo


Ladies and gentlemen, welcome to Lonza’s Q1 2024 Qualitative Update Conference Call and Live Webcast. I am Sandra, the Chorus Call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. On this call, questions are restricted to investor and analyst only. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it’s my pleasure to hand over to Albert Baehny, CEO Interim. Please go ahead, sir.

Albert Baehny

Thank you for the introduction. Good morning, good afternoon and welcome to our Q1 qualitative update. These calls are intended to provide a general business overview, so we will not be sharing numbers relating to our financial performance today. We will share a full financial update during our half year call on July 25. Today, I will start by sharing a view on the group and our growth projects, then provide a short update on each division. Our CFO, Philippe Deecke will then provide a brief update on our alternative measures, reporting changes, after which, there will be time to answer your questions.

We reported a softer Q1 group performance, also, performance across the

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