Markets :: Alternative Fuels :: Biorefineries
Novozymes Sales and Profits Grow Strongly in 2010
4:45 AM MST | January 24, 2011 | Alex Scott
Enzymes technology company Novozymes (Copenhagen) says its 2010 Ebit increased 25% to DK 2.1 billion ($382 million) on sales up 15% to DK 9.7 billion. Overall demand was high in the enzyme business, and costs were kept under control, the company says. The outlook for 2011 is for an Ebit growth of 8-11% with a corresponding growth in sales of 7-11%. ROIC was 22.2% in 2010, compared with 20.3% in 2009, including goodwill. “We performed very well in terms of sales, earnings, cash flow, and sustainability," says Steen Riisgaard...
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