Novozymes is delivering strong growth and earnings in a volatile market environment with 9% organic sales growth in 2022. This marks the highest organic sales growth in more than a decade, and Novozymes is confident about the 2023 outlook of 4-7%.
In the 2022 financial year, Novozymes delivers 9% organic sales growth – 11% organic sales growth in the fourth quarter alone – an EBIT-margin before special items of 26.4%, and ROIC including goodwill before special items* of 17.9%. Novozymes presents a solid organic growth outlook of 4-7% for 2023.
“Novozymes delivers historically strong growth in a volatile market environment by leveraging the strength of our well-diversified portfolio, unique production capabilities, and broad market presence. We know that biotech holds the key to addressing some of the world’s biggest challenges and our growth in 2022 confirms that our biosolutions are more relevant than ever. We will continue the strong momentum from 2022 in 2023, says Ester Baiget, President & CEO, and continues:
“We expect to unlock additional growth opportunities and accelerate our strategic ambition by the proposed combination of Novozymes and Chr. Hansen to create a leading global biosolutions partner. I am very excited about the potential of bringing together these two high performing, complementary companies to unleash the full potential of biosolutions and generate significant value for our customers, employees, shareholders, and society at large.”
In the 2022 financial year, Novozymes invested ~11% of total revenue in research and development and launched 26 biosolutions to meet customer needs.
Novozymes expects a solid organic sales growth at 4-7% driven by pricing as well as volume growth.