GlobeNewswire by notified

Novozymes is unlocking growth by delivering strong Q3 results and increasing full-year guidance

Share

Novozymes delivered 7% organic sales growth in the third quarter and 6% organic sales growth in the first nine months of 2021.
Due to stronger performance the company has upgraded its full-year financial guidance from previously 4-6% organic sales growth to 5-6% and an EBIT margin of around 27%, from previously around 26%.

COPENHAGEN, Denmark – October 27, 2021. In the first nine months of the 2021 financial year, Novozymes delivers 6% organic sales growth, an EBIT-margin of 28.8%, and ROIC including goodwill of 22.1%. This marks an important step in fulfilling Novozymes’ long-term growth strategy ‘Unlocking Growth – Powered by Biotech’.

“Our results for the first nine months are strong, and I am proud to say that we deliver double-digit organic sales growth in three of our five business areas. Novozymes is built for growth and we are very pleased to upgrade our full-year outlook to 5-6% organic sales growth. We focus on driving our strategy ‘Unlocking Growth – Powered by Biotech’ forward while executing and delivering on our short-term targets. We continue to deliver good performance, especially in the emerging markets, and I also want to highlight our strong performance in Food & Beverages and Human Health,” says Ester Baiget, President & CEO and continues:

“There is a growing demand for our biological solutions and the investments we’re making now will allow for strong long-term growth and enhanced sustainability impact worldwide. We define our priorities among the available opportunities to maximize the return on investments, while always having a clear sustainability mindset in everything we do. Our results so far clearly show that we are headed in the right direction.”

Novozymes has launched eight products within the first nine months of the year, four of which were launched in the third quarter. The third quarter launches included the game-changing detergent Pristine® for Freshness to the broad markets.

Business area results
For the first nine months of the year, organic performance by business area were 0% in Household Care, 15% in Food, Beverages & Human Health, 12% in Bioenergy, 12% in Grain & Tech Processing, -3% in Agriculture, Animal Health & Nutrition.

While Household Care experienced soft performance in Europe, the business area did see recovery in the third quarter with 3% organic sales growth. The Freshness platform and emerging markets contributed positively and according to expectations.

The decline in Agriculture, Animal Health & Nutrition had been expected and was mainly due to a negative base effect from last year’s DKK ~60 million one-off related to the former BioAg setup. Third-quarter sales grew 16% organically.

Regional results
For the first half of the year, organic growth rates by geography were 2% in Europe, Middle East & Africa, 2% in North America, 12% in Asia Pacific, and 31% in Latin America.

Sales in emerging markets grew 20% organically and developed markets were flat. The strong performance in emerging markets was broad-based with all five business areas growing organically on top of a low-single-digit growth comparator from last year.

Upgraded financial guidance for 2021
Novozymes is now guiding for 5-6% organic sales growth for 2021, with sales in reported DKK roughly on par with the organic sales growth, and an increased EBIT margin from previously ~26% to around 27%. ROIC incl. goodwill is upped and now expected at 20-21% and FCF before acquisitions is upped to DKK 2.8-3.2 billion.

About Novozymes
Novozymes is the world leader in biological solutions. Together with customers, partners, and the global community, we improve industrial performance while preserving the planet's resources and helping build better lives. As the world's largest provider of enzyme and microbial technologies, our bioinnovation enables higher agricultural yields, low-temperature washing, energy-efficient production, renewable fuel, and many other benefits that we rely on today and in the future. We call it Rethink Tomorrow. www.novozymes.com

NASDAQ OMX: NZYM-B • 6,500 employees • DKK 14,5 billion turnover • 30+ industries • 700+ products

Media Relations
Lina Danstrup,
Head of Media Relations
Phone: +45 30 77 05 52
lind@novozymes.com
Investor Relations
Tobias Cornelius Björklund
Head of Investor Relations
Phone: +45 30 77 86 82
tobb@novozymes.com

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

HiddenA line styled icon from Orion Icon Library.Eye