Novozymes 2020 organic sales growth outlook updated, now expected at 0%

In Denmark, Novozymes reports that the 2020 organic sales growth outlook is now expected at 0%, from previously -2% to +2% following reduced uncertainty to the market development, and a new reporting structure has been introduced as a result of the recent organizational changes, including new segments like “Grain & Tech Processing”.

Their new segments are “Household Care”, “Food, Beverages & Human Health”, “Bioenergy”, “Grain & Tech Processing” and “Agriculture, Animal Health and Nutrition” with the main change being starch, distilling and vegetable oil processing previousl of the old “Food & Beverages” segment is now included in the “Grain & Tech Processing” segment.