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The Novozymes
Report 2021

The Novozymes
Report 2021

The biotech powerhouse

The world needs a future built on biotech – and we intend to catalyze the change
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The biotech powerhouse

The world needs a future built on biotech – and we intend to catalyze the change

Welcome to the world's leading biotech powerhouse

Grounded in our strong purpose...

...we use the power of biotech...

  • World-class

    bioengineering toolbox

  • High-quality

    scale-up and manufacturing

  • Mastery of

    real-world applications

...to solve global needs

A brighter future with biotech

2021 was a year of many things – overcoming, inspiring, investing, delivering, and learning. Despite continuing uncertainties throughout the year, our employees showed resilience, commitment, and adaptability, helping Novozymes to achieve even greater impact and strong results for the year.

Message from the Chair and the CEO Message from the Chair and the CEO

Facts & figures

Our employees helped Novozymes to achieve even greater impact and strong results for the year.
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Facts & figures

Our employees helped Novozymes to achieve even greater impact and strong results for the year.

Performance highlights

Financial

Organic sales
growth
6%
Free cash flow before acquisitions
2.9DKKbn

ROIC
incl. goodwill
19.3%
EBIT
margin
26.8%

Nonfinancial

Electricity
sources
68%
Renewable
Waste
destination
98%
Recovered
Gender diversity in senior management
34%
Female

Sales by geography

Read more about our market performance Read more about our market performance Read more about our market performance
North America

0%

of sales

3 %

organic sales
growth
Latin America

0%

of sales

31 %

organic sales
growth
Europe, the Middle East & Africa

0%

of sales

2 %

organic sales
growth
Asia Pacific

0%

of sales

10 %

organic sales
growth

Sales by business area

Read more about our performance Read more about our performance

Household Care

32% of sales

(2020: 35%) -1% Read more

Agriculture, Animal
Health & Nutrition

12% of sales

(2020: 13%) 0% Organic sales growth Read more

Grain & Tech
Processing

15% of sales

(2020: 14%) 13% Organic sales growth Read more

Bioenergy

18% of sales

(2020: 18%) 11% Organic sales growth Read more

Food, Beverages &
Human Health

23% of sales

(2020: 19%) 14% Organic sales growth Read more
Household
Care
Grain & Tech
Processing
Bioenergy
Food, Beverages
& Human Health
Agriculture,
Animal Health
& Nutrition

Household Care

32% of sales

(2020: 35%) -1% Organic sales growth

Agriculture, Animal
Health & Nutrition

12% of sales

(2020: 13%) 0% Organic sales growth

Grain & Tech
Processing

15% of sales

(2020: 14%) 13% Organic sales growth

Bioenergy

18% of sales

(2020: 18%) 11% Organic sales growth

Food, Beverages &
Human Health

23% of sales

(2020: 19%) 14% Organic sales growth

Strategic highlights

At Novozymes, we have made important strategic moves in recent years to better reach our full potential. In 2021, we took the next big step on our journey as a leader in the field of biotech.
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Strategic highlights

At Novozymes, we have made important strategic moves in recent years to better reach our full potential. In 2021, we took the next big step on our journey as a leader in the field of biotech.

Growth pillars

Evolve Our core business Expand BioHealth & Human Nutrition Explore New options for growth

Drivers

Zymers and culture An unparalleled biotech platform Unique production competences Customer co-creation and commercial leadership

Growth pillars

Growth pillars

Evolve Our core business Expand BioHealth & Human Nutrition Explore New options for growth

Drivers

Zymers and culture An unparalleled biotech platform Unique production competences Customer co-creation and commercial leadership

Commitments to
a healthy planet

Accelerate towards a climate-neutral society Transform food systems Enable healthier lives

Unlocking growth - powered by biotech

Go to strategy.novozymes.com

Strategic highlights

Read more about our strategic highlights

Targets &
Outlook

Novozymes’ purpose is rooted in sustainability, and we are committed to creating a healthier planet.
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Targets & Outlook

Novozymes’ purpose is rooted in sustainability, and we are committed to creating a healthier planet.

Targets

To live our purpose and drive our business, we set financial and nonfinancial targets for our business and employees and for society and our operations. We evaluate and report transparently on our performance against those targets.
Read more about our targets
Business
We need to ensure a healthy and growing business, as the very nature of our solutions enables customers and consumers to find biological alternatives to their needs.
Business
Zymers & Society
We are committed to continue to help our employees, also called Zymers, develop in a thriving, diverse and inclusive community.
Zymers & Society
Operations
We are committed to high standards and ambitious actions to improve our footprint on climate, water, and circular waste management.
Operations
World targets
When we live our purpose, finding biological answers for better lives in a growing world, we grow our business.
World targets

2022 outlook

Read more about the 2022 outlook

Sales outlook

Sales outlook

Novozymes expects to grow sales organically by 3% to 7% in 2022 and the year is expected to be off to a good start. Growth is supported by innovation and increased market penetration, especially in emerging markets.

Sales outlook

Financial outlook

Financial outlook

For 2022, Novozymes expects a solid EBIT margin between 25% to 26% (2021: 26.8%). Compared to 2021, the EBIT margin will benefit from sales growth and productivity improvements, targeted price increases, as well as a slightly positive currency effect.

Financial outlook

Sustainability outlook

Sustainability outlook

With our refreshed 2021 strategy, ‘Unlocking growth – powered by biotech’, we introduced a new set of long-term commitments to a healthy planet. The commitments will help accelerate towards a climate-neutral society, transform food systems, and enable healthier lives.

Sustainability outlook

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