Novonesis (Novozymes) B Class B

NSIS B: XCSE (DNK)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Novonesis Earnings: Volume-Led Growth Momentum Set to Continue in 2026; Shares Fairly Valued

Novonesis reported 4% organic sales growth in the fourth quarter, slowing sequentially, but delivered full-year growth of 7%, in line with guidance. Adjusted EBITDA margin grew 100 basis points for the year. The 2026 outlook implies 5%-7% organic revenue growth and EBITDA margin expansion.

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