Novonesis (Novozymes) B Class B

NSIS B: XCSE (DNK)
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Novonesis Earnings: Solid Organic Growth Supported by Volume and Synergies; Shares Fairly Valued

Novonesis delivered 7% organic sales growth in the first quarter, driven by volume of 6% and pricing of 1%, while around 2.5% came from temporary tailwinds. Adjusted EBITDA margin was 50 basis points below last year's figure.

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