Financial Times FT.com

Lonza plunges on poor outlook

By Courtney Weaver

Published: October 30 2009 02:00 | Last updated: October 30 2009 02:00

Lonza Group , the Switzerland-based maker of drug ingredients, plummeted 25 per cent yesterday after comments from its chief executive indicated a worse- than-expected outlook for the sector.

Lonza announced yesterday that operating profit would be between SFr360m-SFr380m in 2009, compared to SFr441m ($433m) a year earlier.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this