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Novozymes reports higher first-quarter sales and earnings

9:12 AM MDT | April 25, 2014 | Natasha Alperowicz

Novozymes (Bagsvaerd, Denmark) on Thursday reported a 35% rise in net profit, to 694 million Danish kroner ($128.7 million) on sales up 7%, to DK3.03 billion. Ebit grew by 30%, to DK923 million, and Ebit margin was 30.4% compared with 24.9% in the first quarter of 2013. Sales of bioenergy and household-care units were the most significant contributors to sales growth. Bioenergy sales grew 29%, to DK514 million, and household-care revenues were 7% higher, at DK1.08 billion.   “We’ve delivered a strong first quarter, and we’re increasing the...

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