Novozymes' Q2 operating profit lags expectations

Chr Hansen Holding A/S

09/08/2023 07:09

COPENHAGEN, Aug 9 (Reuters) - Danish industrial enzymes
maker Novozymes  NZYMb.CO  on Wednesday reported a
second-quarter operating profit below expectations and narrowed
the range for its full-year sales growth guidance to 4-6% from
4-7%. 
    Earnings before interest and tax fell to 865 million crowns
($127.4 million) from a year-earlier 1.11 billion, against a 965
million average expectation by analysts in a poll published by
the company.
    ($1 = 6.7881 Danish crowns)

 (Reporting by Johannes Birkebaek, editing by Anna Ringstrom)
 ((Johannes.Birkebaek@thomsonreuters.com;))