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Complete financial analysis of Novozymes A/S (NVZMY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Novozymes A/S, a leading company in the Chemicals – Specialty industry within the Basic Materials sector.
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Novozymes A/S (NVZMY)
About Novozymes A/S
Novozymes A/S produces and sells industrial enzymes, microorganisms, and probiotics in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company offers baking, beverages, dairy, starch, and protein solutions for the food and beverage industry; laundry, dishwashing, and professional cleaning solutions for the household care industry; agriculture solutions, including crop production, and animal health and nutrition solutions; bioyield and biocontrol solutions for crops; and grain and technical processing solutions, as well as bio energy solutions for liquefaction, saccharifaction, fermentation, fiber conversion, and biomass conversion. It also provides textile solutions, such as biopreparation, biopolishing, bleach clean-up, denim abrasion and finishing, and desizing solutions. In addition, the company offers solutions for pulp & paper, including fiber modification, bleach boosting, deposit control, starch modification, and deinking; leather solutions comprising acid bating, area expansion, bating, degreasing, soaking, and unhairing and liming; and water and waste management solutions, which consist of bioaugmentation, biogas, and sludge management. Further, it provides pharmaceutical solutions, including lipases, immobilized lipases, and proteases for biocatalysis, as well as rTrypsin for cell culture; and human health and protein solutions. The company was founded in 1925 and is headquartered in Bagsvaerd, Denmark.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.90B | 17.55B | 14.95B | 14.01B | 14.37B | 14.39B | 14.53B | 14.14B | 14.00B | 12.46B | 11.75B | 11.23B | 10.51B | 9.72B | 8.45B | 8.15B | 7.44B | 6.80B | 6.28B | 6.02B | 5.80B | 5.64B |
| Cost of Revenue | 8.18B | 7.98B | 6.33B | 6.16B | 6.42B | 6.14B | 6.12B | 6.02B | 5.87B | 5.31B | 5.03B | 4.81B | 4.60B | 4.31B | 3.75B | 3.79B | 3.49B | 3.15B | 2.94B | 2.85B | 2.80B | 2.73B |
| Gross Profit | 9.72B | 9.58B | 8.62B | 7.85B | 7.95B | 8.26B | 8.41B | 8.13B | 8.13B | 7.15B | 6.72B | 6.42B | 5.91B | 5.41B | 4.70B | 4.36B | 3.95B | 3.66B | 3.35B | 3.18B | 3.00B | 2.91B |
| Gross Profit Ratio | 54.32% | 54.56% | 57.68% | 56.04% | 55.34% | 57.37% | 57.90% | 57.46% | 58.06% | 57.38% | 57.18% | 57.17% | 56.21% | 55.66% | 55.63% | 53.51% | 53.09% | 53.73% | 53.26% | 52.77% | 51.77% | 51.54% |
| Research & Development | 2.02B | 2.00B | 2.01B | 1.94B | 1.97B | 1.87B | 1.91B | 1.87B | 1.90B | 1.84B | 1.53B | 1.53B | 1.46B | 1.36B | 1.21B | 1.10B | 995.00M | 880.00M | 793.00M | 775.00M | 749.00M | 713.00M |
| General & Administrative | 959.00M | 952.00M | 859.00M | 739.00M | 838.00M | 792.00M | 831.00M | 810.00M | 876.00M | 857.00M | 824.00M | 808.00M | 778.00M | 762.00M | 751.00M | 745.00M | 675.00M | 650.00M | 632.00M | 595.00M | 587.00M | 575.00M |
| Selling & Marketing | 2.37B | 2.27B | 1.94B | 1.58B | 1.63B | 1.57B | 1.62B | 1.62B | 1.57B | 1.41B | 1.48B | 1.42B | 1.38B | 1.24B | 1.12B | 1.06B | 921.00M | 844.00M | 748.00M | 750.00M | 730.00M | 729.00M |
| SG&A | 3.32B | 3.22B | 2.80B | 2.32B | 2.47B | 2.36B | 2.45B | 2.43B | 2.45B | 2.26B | 2.30B | 2.23B | 2.15B | 2.00B | 1.87B | 1.81B | 1.60B | 1.49B | 1.38B | 1.35B | 1.32B | 1.30B |
| Other Expenses | 405.00M | -75.00M | -66.00M | -14.00M | -26.00M | -43.00M | -63.00M | -117.00M | -98.00M | -102.00M | -13.00M | 9.00M | -50.00M | -69.00M | -64.00M | -47.00M | -123.00M | -59.00M | -34.00M | -31.00M | -44.00M | -56.00M |
| Operating Expenses | 5.75B | 5.15B | 4.74B | 4.24B | 4.41B | 4.19B | 4.30B | 4.18B | 4.25B | 4.00B | 3.82B | 3.68B | 3.57B | 3.30B | 3.01B | 2.86B | 2.47B | 2.32B | 2.14B | 2.09B | 2.02B | 1.96B |
| Cost & Expenses | 13.92B | 13.13B | 11.07B | 10.40B | 10.83B | 10.32B | 10.42B | 10.20B | 10.12B | 9.31B | 8.85B | 8.49B | 8.17B | 7.61B | 6.76B | 6.64B | 5.96B | 5.46B | 5.08B | 4.93B | 4.82B | 4.70B |
| Interest Income | 24.00M | 18.00M | 18.00M | 10.00M | 90.00M | 10.00M | 7.00M | 5.00M | 4.00M | 9.00M | 5.00M | 13.00M | 208.00M | 113.00M | 153.00M | 263.00M | 130.00M | 134.00M | 76.00M | 89.00M | 223.00M | 131.00M |
| Interest Expense | 173.00M | 102.00M | 102.00M | 63.00M | 86.00M | 13.00M | 27.00M | 31.00M | 31.00M | 58.00M | 66.00M | 74.00M | 133.00M | 107.00M | 220.00M | 348.00M | 226.00M | 256.00M | 132.00M | 98.00M | 190.00M | 178.00M |
| Depreciation & Amortization | 1.39B | 1.46B | 1.37B | 1.23B | 1.17B | 1.01B | 1.04B | 974.00M | 953.00M | 866.00M | 738.00M | 703.00M | 208.00M | 113.00M | 564.00M | 556.00M | 490.00M | 469.00M | 462.00M | 519.00M | 523.00M | 532.00M |
| EBITDA | 5.47B | 6.12B | 5.20B | 4.85B | 5.07B | 5.04B | 5.19B | 4.89B | 4.77B | 4.20B | 3.56B | 3.36B | 2.55B | 2.23B | 2.41B | 2.32B | 2.10B | 1.94B | 1.74B | 1.67B | 1.73B | 1.61B |
| EBITDA Ratio | 30.57% | 34.60% | 34.76% | 34.26% | 32.84% | 34.60% | 35.74% | 34.36% | 34.08% | 31.73% | 29.86% | 29.92% | 24.24% | 22.93% | 28.47% | 28.52% | 28.25% | 10.92% | 27.77% | 28.19% | 29.78% | 28.54% |
| Operating Income | 3.98B | 4.63B | 4.01B | 3.65B | 4.04B | 4.07B | 4.05B | 3.95B | 3.88B | 3.38B | 2.90B | 2.75B | 2.34B | 2.12B | 1.69B | 1.50B | 1.48B | 1.34B | 1.21B | 1.09B | 982.00M | 947.00M |
| Operating Income Ratio | 22.21% | 26.37% | 26.80% | 26.06% | 28.10% | 28.28% | 27.85% | 27.90% | 27.74% | 27.16% | 24.70% | 24.43% | 22.26% | 21.77% | 19.98% | 18.46% | 19.91% | 19.70% | 19.20% | 18.09% | 16.92% | 16.78% |
| Total Other Income/Expenses | -67.00M | -73.00M | -83.00M | -131.00M | -240.00M | -134.00M | -171.00M | -65.00M | -263.00M | -105.00M | -142.00M | -161.00M | 75.00M | 6.00M | -67.00M | -85.00M | -96.00M | -122.00M | -56.00M | -33.00M | 33.00M | -47.00M |
| Income Before Tax | 3.91B | 4.56B | 3.92B | 3.52B | 3.80B | 3.94B | 3.88B | 3.88B | 3.62B | 3.28B | 2.76B | 2.58B | 2.42B | 2.12B | 1.62B | 1.42B | 1.39B | 18.00M | 1.15B | 1.08B | 1.02B | 900.00M |
| Income Before Tax Ratio | 21.84% | 25.96% | 26.25% | 25.13% | 26.43% | 27.35% | 26.67% | 27.44% | 25.86% | 26.32% | 23.49% | 23.00% | 22.98% | 21.83% | 19.19% | 17.42% | 18.62% | 0.26% | 18.31% | 17.94% | 17.49% | 15.95% |
| Income Tax Expense | 870.00M | 870.00M | 779.00M | 695.00M | 644.00M | 709.00M | 756.00M | 831.00M | 796.00M | 754.00M | 558.00M | 568.00M | 587.00M | 509.00M | 427.00M | 357.00M | 343.00M | -307.00M | 289.00M | 288.00M | 280.00M | 253.00M |
| Net Income | 3.02B | 3.68B | 3.15B | 2.83B | 3.15B | 3.23B | 3.12B | 3.05B | 2.82B | 2.53B | 2.20B | 2.02B | 1.83B | 1.61B | 1.19B | 1.06B | 1.04B | 911.00M | 861.00M | 793.00M | 735.00M | 647.00M |
| Net Income Ratio | 16.89% | 20.94% | 21.04% | 20.16% | 21.94% | 22.42% | 21.46% | 21.57% | 20.16% | 20.27% | 18.73% | 17.94% | 17.39% | 16.60% | 14.13% | 13.04% | 14.01% | 13.39% | 13.71% | 13.16% | 12.67% | 11.47% |
| EPS | 10.88 | 13.29 | 11.32 | 10.07 | 11.06 | 11.11 | 10.56 | 10.15 | 9.23 | 8.10 | 7.01 | 6.42 | 5.80 | 5.15 | 3.85 | 3.43 | 3.37 | 2.90 | 2.63 | 2.32 | 2.09 | 1.79 |
| EPS Diluted | 10.88 | 13.19 | 11.23 | 10.02 | 11.01 | 11.03 | 10.49 | 10.06 | 9.12 | 8.02 | 6.93 | 6.33 | 5.71 | 5.05 | 3.79 | 3.37 | 3.28 | 2.82 | 2.57 | 2.27 | 2.07 | 1.78 |
| Weighted Avg Shares Out | 277.94M | 276.64M | 277.92M | 280.43M | 285.11M | 290.42M | 295.34M | 300.47M | 306.00M | 311.90M | 313.76M | 313.98M | 315.16M | 313.18M | 310.27M | 309.35M | 309.57M | 314.37M | 327.31M | 341.38M | 352.30M | 361.68M |
| Weighted Avg Shares Out (Dil) | 277.87M | 278.73M | 280.23M | 282.02M | 286.55M | 292.36M | 297.20M | 303.12M | 309.37M | 315.08M | 317.41M | 318.28M | 319.96M | 319.38M | 315.36M | 315.01M | 318.12M | 322.52M | 335.34M | 349.25M | 354.33M | 362.80M |
Update on the merger approval process for the combination of Novozymes and Chr. Hansen: Conditional competition clearance from the European Commission obtained
Please read the full announcement in PDF Attachment 2023_Conditional_competition_clearance_from_the_EC
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Exclusive: Novozymes, Chr. Hansen tie-up likely to win EU nod, sources say
Danish food ingredients and enzymes makers Novozymes and Chr. Hansen are expected to secure EU antitrust approval for their all-share $22 billion tie-up based on remedies offered to address competition concerns, two people with direct knowledge of the matter said...
AXTA or NVZMY: Which Is the Better Value Stock Right Now?
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Update on the merger approval process for the combination of Novozymes and Chr. Hansen: The parties have submitted a remedy proposal to the European Commission.
November 20, 2023 Please see attachment. Contact information Investor Relations Anders Mohr Christensen+45 2515 2364 [email protected] Press Relations Sanne Seyer-Hansen+45 6038 6207 [email protected] Attachment 2023_Update on the merger approval process for the combination of Novozymes and Chr.
Novozymes innovation enables blending of multiple renewable fuels
Novozymes has launched a new enzymatic solution that enables efficient processing of mixed feedstocks for renewable diesel and sustainable aviation fuel production. The Danish company's Quara LowP product is designed to transform the feedstock pre-treatment process, allowing flexibility to process blends of...
Novozymes launches Quara® LowP for renewable diesel feedstock pre-treatment
Novozymes, a global leader in biosolutions, marks a significant milestone in the renewable diesel and SAF (Sustainable Aviation Fuel) industry with the launch of Quara® LowP, an enzymatic solution designed to transform the feedstock pre-treatment process.
AXTA vs. NVZMY: Which Stock Is the Better Value Option?
Investors looking for stocks in the Chemical - Specialty sector might want to consider either Axalta Coating Systems (AXTA) or Novozymes A/S (NVZMY). But which of these two companies is the best option for those looking for undervalued stocks?
Novozymes A/S (NVZMF) Q3 2023 Earnings Call Transcript
Novozymes A/S (OTCPK:NVZMF) Q3 2023 Results Conference Call October 26, 2023 3:00 AM ET Company Participants Tobias Cornelius Björklund - Head, Investor Relations Ester Baiget - Chief Executive Officer Lars Green - Chief Financial Officer Tina Fanoe - EVP, Agriculture...
Novozymes accelerates growth in Q3 and is on track to deliver on full-year expectations
After the first nine months of the 2023 financial year, Novozymes sees increasing demand for sustainable biosolutions and delivers 5 % organic sales growth. The full-year organic sales growth outlook is maintained at 4-6%.
Source: https://incomestatements.info
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