EnergyWatch

Novozymes CFO: Powerful momentum in bioenergy division

Comprehensively, we are seeing a powerful momentum in the division, says the company's chief financial officer.

Bioenergy sales, which for Novozymes consists of enzyme sales for bioethanol production, showed an organic growth rate of 5 percent in the fourth quarter of 2018.

This is not quite as high as sales from the same quarter in 2017, which was booked at 14 percent. Novozymes is, however, impacted by large bioethanol inventories accumulated in the US.

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