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Growth continues for Novozymes
24 Apr '08
2 min read
It is somewhat frustrating that the underlying business performance does not show in the results in DKK, because things are going really well.”
Outlook for 2008:
Novozymes is increasing its sales growth expectations for 2008 to 12–15% (from 11–14%) in local currencies, based on increased growth within detergent and feed enzymes.
Novozymes is maintaining its outlook for net profit and free cash flow for the year in DKK.
Assuming that exchange rates for the company's key currencies remain at their current low levels for the remainder of 2008, growth of 6– 9% is expected in sales in DKK (previously 8–11%), with growth in operating profit in DKK of 1–4% (previously 2–5%).
Note that growth in financial results is based on 2007, excluding one-off items.
Click here to view more:
Outlook for 2008:
Novozymes is increasing its sales growth expectations for 2008 to 12–15% (from 11–14%) in local currencies, based on increased growth within detergent and feed enzymes.
Novozymes is maintaining its outlook for net profit and free cash flow for the year in DKK.
Assuming that exchange rates for the company's key currencies remain at their current low levels for the remainder of 2008, growth of 6– 9% is expected in sales in DKK (previously 8–11%), with growth in operating profit in DKK of 1–4% (previously 2–5%).
Note that growth in financial results is based on 2007, excluding one-off items.
Click here to view more:
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