Long-term targets

Audited by PwC

Novozymes’ performance in 2010 leaves us even better positioned to fulfill our ambition of changing the world together with our customers. The long-term targets communicated at the beginning of 2009 are unchanged.

For a decade, Novozymes has focused on delivering strong growth in sales, earnings, and cash flow. In 2009, we launched a new ambition with new and more demanding targets for both financial and sustainability performance.

Novozymes’ strong financial performance in 2010 surpassed the new financial targets, but it is our average performance over a longer time period that matters most, so the targets are unchanged. When it comes to sustainability, 2010 showed that we are well on track to meet the targets for 2015.

Novozymes’ long-term targets

Financial targets:

 • Organic sales growth of more than 10% p.a.*
 • EBIT margin of more than 20%
 • Return on invested capital of more than 22%

Sustainability targets:

Enable a 75 million ton reduction in CO2 emissions in 2015 through our customers' application of our products
Improve energy efficiency by 50% in 2015 compared to 2005
Improve CO2 efficiency by 50% in 2015 compared to 2005
Increase energy supply from renewable and CO2-neutral sources to 50% in 2020
Improve water efficiency by 40% in 2015 compared to 2005
Be recognized as a global leader in sustainability
Be a preferred employer globally

* Sales of enzymes for cellulosic ethanol are not included in the target.
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