EnergyWatch

Novozymes upgrades due to strong growth in bioenergy

Enzymes sales in particular experienced a rise at Novozymes, which is now upgrading its full-year guidance.

Photo: Novozymes

Novozymes achieved 4-percent organic growth in the first nine months of 2017 with 8-percent growth in the third quarter. Particularly enzymes for bioenergy performed well with growth of 10 percent.

This provided a result after tax of DKK 819 million (EUR 110 million), slightly more than analyst expectations of DKK 795 million.

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