Home / Knowledge / News / Textiles / Novozymes growth in operating profit of 2–5%
Novozymes growth in operating profit of 2–5%
28
Jan '08
2007 was a really good year for Novozymes. Growth was the theme of the year, with sales growth higher than expected at 14%. The financial results were satisfactory, particularly in the light of high energy and raw material prices.

Unfavorable exchange rate movements had a negative impact on the results measured in DKK. Growth in earnings was 11%, and free cash flow was DKK 963 million.

The high rate of sales growth is expected to continue in 2008 and onwards, and therefore it has been decided to expand the production in the USA.

- Novozymes' sales rose by 14% in local currencies in 2007. Measured in DKK sales rose by 9% to DKK 7,438 million from DKK 6,802 million in 2006. Growth excluding acquisitions was 12%.
- Operating profit rose by 11% to DKK 1,481 million in 2007 from DKK 1,340 million in 2006. One-off items (cf. Stock exchange announcement no. 14/2007) had a positive impact of approximately DKK 75 million.
- Operating profit excluding one-off items rose by 5%. The operating profit margin including one-off items was 19.9% against 19.7% in 2006
- Net financial costs were DKK 96 million against DKK 122 million in 2006
- Net profit for the period rose by 14% to DKK 1,042 million in 2007 against DKK 911 million in 2006. Growth excluding one-off items was 8%
- Earnings per share (diluted) for 2007 were DKK 16.47, an increase of 17%
- Free cash flow before acquisitions was DKK 963 million against DKK 1,058 million in 2006

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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