Novozymes delivers results within expectations in the first half of 2023 and narrows the full year outlook - Seite 3

In emerging markets, growth was driven by Bioenergy, while Agriculture, Animal Health & Nutrition and Household Care also contributed positively. This was offset by negative growth in Food, Beverages & Human Health, and Grain & Tech Processing.

Financial outlook for 2023  
The organic sales growth outlook is narrowed from 4-7% to 4-6% following a higher level of destocking than previously anticipated and lower consumer demand, mainly in food-related areas. Full-year growth is expected to be driven mainly by pricing. Positive pricing is expected across all business areas, also in the second half, whereas innovation and increased market penetration will be volume supportive.

As expected, growth in the first half of the year was lower, with a stronger performance expected in the second half. The outlook assumes no major changes to the current state of the global economic situation and reflects an anticipated levelling-off of destocking in the second half, mainly in the food-related areas.


EBIT margin before special items is maintained at 25-26%. ROIC incl. goodwill before special items is maintained at 16-17%.   

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 
 
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