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COPENHAGEN Jan 21 Danish industrial enzymes
maker Novozymes posted a bigger than expected rise in
fourth-quarter operating profits on Monday but said it saw
operating profit growth falling into the single digit range this
The company said Peder Holk Nielsen would take over as new
President and Chief Executive, with effect from April 1.
Its earnings before interest and tax rose to 671 million
Danish crowns ($120 million) in the October to December quarter
from a year-earlier 496 million and against an average forecast
of 577 million in a Reuters poll of analysts.
Novozymes, whose enzymes are used in production of many
consumer goods from detergents to biofuels, forecast operating
profit growth of 4 to 7 percent this year, down from a 17
percent result in 2012.
($1 = 5.5907 Danish crowns)
(Reporting by Copenhagen Newsroom)