The Novozymes
Report 2017

In 2017, we delivered more impactful innovations than ever.

Food & Beverages delivered solid, broad-based growth

9 %

organic
sales growth

Hungry for details?

In Food & Beverages, nutrition and starch were the most significant growth contributors. Sales in baking performed well.

Four out of five of Novozymes' industries grew in 2017. We hold an estimated 48% share of the global enzyme market.

Sales by industry

The results for 2017 were good and in line with expectations. We have a strong innovation pipeline, and our well-diversified business is showing solid momentum.

Letter from the CEO

Financial performance

Non-financial performance

4%

Organic sales growth

27.9%

EBIT margin

2%

Net profit growth

25.6%

ROIC

76m

tons of CO₂ emissions saved

24%

renewable energy

1.6%

frequency of occupational accidents

26%

women in senior management

2017 in brief

4 %

organic sales growth in Europe, the Middle East & Africa

Sales by geography

Cheers, Africa!

Novozymes’ enzymes help African brewers use local raw materials to develop new recipes and produce some of Africa’s most popular beers.

With limited global resources, the need for sustainable answers is greater than ever. 2017 saw increased demand for Novozymes’ biological solutions.

Letter from the Board of Directors

Our 6 long-term sustainability targets are inspired by the UN's 17 Sustainable Development Goals.

Sustainability

A step change in starch processing

Launched in 2017, Frontia® is a transformative innovation that targets the wet-milling phase, which is the first stage in the starch conversion process. Enzymes have never before been used as part of this stage of the production process.

Long-term target: Deliver 10 transformative innovations from 2015 to 2020

Our aim is to deliver 10 transformative innovations that create significant impact for our customers and make the world more sustainable.

Targets