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EnviroTech :: Biotech
Novozymes meets targets, positive on 2014
10:58 AM MST | January 21, 2014 | Natasha Alperowicz
‚ÄčNovozymes (Bagsvaerd, Denmark) today announced that it met or exceeded all its financial targets in 2013 following a good fourth quarter. Organic sales growth in 2013 was 7%, Ebit grew by 6%, and net profit by 9%. Ebit margin increased by 0.3 percentage point, to 24.7%, compared with 2012. Novozymes reports net profit of 2.2 billion Danish kroner in 2013 compared with DK2 billion in 2012. Sales grew from DK11.2 billion to DK11.7 billion. The company expects 2013 trends to continue this year. As a result, the outlook for 2014 is positive, with good...
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