Half-Year 2022 Financial Performance
CORE Definition
Lonza
We believe that disclosing
CORE results of the Group's
performance enhances the
financial markets'
understanding because the
CORE results enable better
year-on-year comparisons. ""
Therefore, the CORE results exclude exceptional
expenses and income related to e.g.
restructuring, environmental-remediation,
acquisitions and divestitures, impairment and
reversal of impairment of assets, which can
differ significantly from year to year.
For this same reason, Lonza uses these CORE
results in addition to IFRS as important factors in
internally assessing the Group's performance.
In Lonza's 2022 Alternative Performance
Measures Report, the reconciliation of IFRS to
CORE results provides further details on the
adjustments.
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