Key figures

    SALES AND EBIT
    DKK million

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    Sales
    EBIT
    ROIC AND INVESTED CAPITAL
    DKK million
    %

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    Invested capital
    ROIC
    EFFICIENCY IMPROVEMENT COMPARED WITH 2005
    %

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    Water efficiency improvement
    Energy efficiency improvement
    CO2 efficiency improvement
    FREQUENCY OF ACCIDENTS

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    Frequency of accidents (per million working hours)
        2013 2012 2011 2010 2009
                 
    Income statement (DKK million)
    Revenue   11,746  11,234  10,510  9,724  8,448 
    Gross profit   6,716  6,423  5,908  5,412  4,700 
    Research and development costs   1,528  1,527  1,464  1,360  1,207 
    EBITDA   3,639  3,448  3,126  2,796  2,252 
    Operating profit / EBIT   2,901  2,745  2,340  2,117  1,688 
    Financial items, net   (142) (161) 75  (67)
    Net profit   2,201  2,016  1,828  1,614  1,194 
                 
    Balance sheet (DKK million)
    Non-current assets   10,676  10,223  9,053  7,057  5,991 
    Total assets   16,506  15,113  13,842  12,593  10,890 
    Shareholders' equity   11,066  9,568  8,824  7,836  5,841 
    Non-current liabilities   2,841  2,630  2,661  2,249  2,528 
    Invested capital   11,871  10,998  9,843  8,182  6,790 
    Net interest-bearing debt   805  1,430  1,019  346  949 
                 
    Investments and cash flows (DKK million)
    Cash flow from operating activities   2,599  2,758  2,709  2,324  1,817 
    Purchase of property, plant and equipment   762  1,128  1,290  1,326  1,009 
    Net investments excluding acquisitions   783  1,177  1,316  1,326  978 
    Free cash flow before net acquisitions and securities   1,816  1,581  1,393  998  839 
    Business acquisitions and purchase of financial assets   640  732  1,530  23 
    Free cash flow   1,176  849  (33) 975  839 
                 
    Key ratios
    Revenue growth, DKK % 15 
    Revenue growth, LCY % 10  10 
    Revenue growth, organic % 11 
    Research and development costs as a percentage of revenue % 13.0 13.6 13.9 14.0 14.3
    Gross margin % 57.2 57.2 56.2 55.7 55.6
    EBITDA margin % 31.0 30.7 29.7 28.8 26.7
    EBIT margin % 24.7 24.4 22.3 21.8 20.0
    Net profit margin % 18.7 17.9 17.4 16.6 14.1
    Effective tax rate % 20.2 22.0 24.3 24.0 26.3
    Equity ratio % 67.0 63.3 63.7 62.2 53.6
    Return on equity % 21.3 21.9 21.9 23.6 23.1
    Return on invested capital (ROIC), including goodwill % 20.0 19.9 21.3 22.2 20.3
    Return on invested capital (ROIC), excluding goodwill % 21.8 21.6 23.0 23.7 21.8
    WACC after tax % 4.7 4.7 4.5 5.6 7.0
    Earnings per share (EPS), diluted* DKK 6.93 6.33 5.71 5.05 3.79
    Dividend per share (2013 proposed)* DKK 2.50 2.20 1.90 1.60 1.15
    * 2009-2010 restated to reflect 1-to-5 stock split of the company’s A and B shares.
    Key figures have been prepared in accordance with the Danish Society of Financial Analysts' "Recommendations & Financial Ratios 2010"
                 
    Environmental and social data
    Water efficiency improvement (compared with 2005) % 33  32  30  29  27 
    Energy efficiency improvement (compared with 2005) % 40  38  34  30  27 
    CO2 efficiency improvement (compared with 2005) % 54  55  47  38  24 
    Estimated CO2 reductions from customers' application of Novozymes' products Million tons 52  48  45  40  27 
    Total number of employees No. 6,236  6,041  5,824  5,432  5,275 
    Rate of employee turnover % 7.5  8.1  8.3  7.5  6.7 
    Frequency of accidents with absence per million working hours   2.4  3.0  4.3  4.1  5.1 
    Employee satisfaction Score 77  78  77  76  77 
    Development opportunities Score 74  75  74  73  74 
    New leaders appointed who are women % 26  37  n.a. n.a. n.a.
    New leaders appointed of a nationality other than Danish % 44  51  n.a. n.a. n.a.