Expectations for 2010


Audited by PwC

For 2010, Novozymes expects positive developments in both sales and earnings. There is still uncertainty as to how things will develop in 2010, and we address this by giving a wide guidance range.

Expectations for 2010

Financial targets:
Sales growth of 2–6% in local currency (LCY), 1–5% in DKK 
Operating profit growth of 3–7%
Operating profit margin of around 20%
Net profit growth of 9–13%
ROIC of around 20% 
CAPEX of DKK 1.0–1.1 billion
Free cash flow before acquisitions of DKK 700–800 million

Sustainability targets:
Enable a 28–29 million ton reduction in CO2 emissions in 2010 through our customers' application of our products 
Improve energy efficiency by 30% in 2010 compared to 2005
Reduce CO2 emissions by 25% in 2010 compared to 2005
Improve water efficiency by 20% in 2010 compared to 2005
Establish specific action plans for all suppliers with performance issues
Reach a score of at least 75 for employees’ "satisfaction and motivation” in the 2010 employee survey
Reach a score of at least 70 for employees’ "opportunities for professional and personal development” in the 2010 employee survey
Keep the frequency of occupational accidents below 4.5 per million working hours
Keep employee absence below 3%
Keep employee turnover between 4% and 9%
Gold Class rating by SAM in the Sustainability Yearbook
 
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