EnergyWatch

Challenging exchange rate makes Novozymes downgrade guidance

Danish enzyme producer Novozymes exits this year's second quarter slightly weaker than expected and is now downgrading its full-year guidance in DKK. Meanwhile, Bioenergy shows growth.

Photo: Novozymes/ PR

Novozymes emerged from this year's second quarter slightly weaker than expected by analysts, and the company is now downgrading its forecast for sales growth in Danish currency from 3-6 percent to 1-4 percent.

CEO Peder Holk Nielsen explains in the interim report that the downgrade is solely due to challenging exchange rate markets.

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