20 January 2015
DETAILS
Novozymes today announced
its new corporate strategy,
“Partnering for impact”.
The strategy is accompanied by
a new set of long-term social, environmental and
financial targets and a new purpose statement which reads,
"Together, we find biological answers for better lives
in a growing world – Let’s rethink tomorrow."
The new strategy sets out four focus areas for Novozymes,
namely;
1) Rally for change,
2) Lead innovation,
3) Focus on opportunities and
4) Grow people.
These focus areas will not only be addressed at
a corporate level but also be reflected in
the separate strategies for each industry area.
Updated long-term financial targets
Novozymes’ updated
long-term organic sales growth target is 8-10%
in local currency on average
throughout the period from 2015 to 2020.
This replaces the previous target of +10%, and
reflects the current visibility of the global economy and
end markets and innovation pipeline.
The EBIT margin is also updated, increasing from
more than 24% to 26% and above, and
is expected to be achievable through 2015 to 2020.
The updated long-term target for ROIC
including goodwill is 25% and above, and
replaces the previous target of more than 22%.
This is expected to be reached throughout the period.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
