ZURICH (Reuters) – Lonza Group on Tuesday restated its 2020 results to reflect the discontinuation of its specialty ingredients business, as well as a rejig of its business structure and performance measurement policy.
Its core earnings before interest, taxes, depreciation and amortisation (EBITDA) from continuing operations were restated to 1.379 billion Swiss francs ($1.50 billion) from previously 1.406 billion francs, while total core EBITDA for the group was bumped down slightly to 1.696 billion francs.
Net sales remained unchanged for the full-year, the company said in a statement.
($1 = 0.9203 Swiss francs)
(Reporting by Brenna Hughes Neghaiwi, editing by Silke Koltrowitz)
