Morningstar - Novozymes A/S Class B (NZYM B) Novozymeâ€™s Soft Outlook Overshadows Decent 3Q Results

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Morningstar

Rob Hales

EUR 100.00 For Business Accounts Only

Novozymeâ€™s Soft Outlook Overshadows Decent 3Q Results

Wide-moat Novozymes' shares are trading off on Oct. 24, down some 6% at the time of writing, after the company reported third-quarter results. This is a bit surprising, given that third-quarter organic growth of 5% was slightly better than consensus expectations. However, we think the sell-off is likely due to the negative tone of comments regarding the fourth-quarter. Management has called out the Middle East as an area of significant weakness for the second half. While Novozymes maintained 201...

24/10/2018 12 EN

Underlying

Novozymes A/S Class B

Novozymes is a biotechnology company based in Denmark. Co.'s business operations are centered on the development of industrial enzymes, microorganisms, and biopharmaceutical ingredients. Co. provides business-to-business biological solutions used in the production of numerous products such as biofuel, detergents, feed, and crops. Co.'s business operations are organized along two segments: the Enzyme Business which is divided into four areas, providing industrial enzymes for household care, food & beverages, bioenergy, and feed & other technical; and the BioBusiness which is home to Co.'s microorganisms and biopharmaceutical ingredients.

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DK0060336014 Nasdaq Nordic Copenhagen Denmark

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Rob Hales

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Novozymeâ€™s Soft Outlook Overshadows Decent 3Q Results

Novonesis delivered 9% organic sales growth in H1 and full-year outlook range narrowed to 6-8%

Interim report H1 2025

2030 financial targets announced: Organic sales growth acceleration, margin expansion and ROIC improvement

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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