Home / Knowledge / News / Textiles / Diversified solutions drive 9% sales growth at Novozymes
Diversified solutions drive 9% sales growth at Novozymes
28
Oct '14
“Strong and diversified solutions drove 9% year-on-year overall sales growth in the third quarter of 2014 at Novozymes,” says the company, which claims to have an estimated 48% share of the global enzyme market in 2013.

It informs, “The robust sales in spite of an uncertain economic climate are driven by relevant innovations that target a variety of markets and industries.

“It is this diversity – in technologies, customers, markets and regions – that lies behind Novozymes’ steady growth during 2014 and ever since inception.”

“The results of the third quarter of 2014, shows that Novozymes’ business has developed well, with sales in line with expectations and an increase in outlook for full-year profit,” it reveals.

In the third quarter of 2014, Novozymes reported an 8% organic sales growth, while its EBIT margin stood at a solid 27.4%.

“Biotech is all about diversity - the diversity of nature, the diversity of life, and the diversity of solutions that can change the world around us. As technology becomes more sophisticated, this diversity in nature becomes more accessible to us all,” the enzymes producer explains.

Likewise, innovations too drove Bioenergy industry sales, which surged 23% from a year ago period and is considered to be the most significant contributor to Novozymes’ sales growth in the third quarter of 2014.

“I am excited to see our Bioenergy business drive our growth, again. The strong sales were mainly driven by increased penetration of our yield discovery innovations targeting the US ethanol market,” says CEO, Peder Holk Nielsen.

More than 20% of Novozymes’ global workforce is engaged in R&D, with an annual spend of approximately 14% of revenue on R&D.

“Innovation is a key driver for Novozymes’ top and bottom line, with focus on continuously developing the existing product portfolio while also devoting significant resources to long-term radical innovation in order to ensure long-term growth,” it says.

For the full year of 2014, Novozymes’ expects organic sales to grow between 7-8% and EBIT margin to stay between 26-27%.

Novozymes sells more than 700 products all over the world for applications as diverse as textiles, detergents, biofuels, agriculture, food and beverages, biopharmaceuticals, wastewater, pulp and paper.

Peder Holk Nielsen adds, “That is why our sales remain strong in spite of signs of uncertainty in the global economy and in some of our markets.” (AR)

Fibre2fashion News Desk - India


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Courtesy: EUBrasil

Textiles | On 11th Dec 2017

Euratex, ABIT welcome negotiations for EU-Mercosur FTA

European Apparel and Textile Confederation (Euratex) and the...

Most firms expect no change in investment plans: CII survey

Textiles | On 11th Dec 2017

Most firms expect no change in investment plans: CII survey

Despite visible optimism in Indian industry with the Confederation of ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search