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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Novozymes meets targets, positive on 2014 and planned BioAg Alliance

5:54 AM MST | January 24, 2014 | —Natasha Alperowicz

Novozymes (Bagsvaerd, Denmark) says it met or exceeded all of its financial targets in 2013 following a strong fourth quarter. Organic sales growth in 2013 was 7.0%, Ebit grew by 6.0%, and net profit was up 9.0%. The company’s 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...

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