Novozymes' bioenergy unit exceeds consensus amid wide H1 setback

Novozymes' bioenergy unit was the company's only division to perform better than expected. Altogether, the group had to swallow a negative organic growth of 3 percent for the first half of 2019.

BY VICTOR EMIL KRISTENSEN

Danish enzyme producer Novozymes published an expectedly disappointing biannual financial statement Thursday morning and thereby continues into a 2019 that Chief Executive Peder Holk Nielsen would likely prefer to forget.

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