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Novozymes announces 2006 year-end results

Publisher
Elsevier Science
Year
2007
Weight
43 KB
Volume
2007
Category
Article
ISSN
1351-4180

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✦ Synopsis

Johnson Matthey with stronger growth prospects and a strong cash pile. In 1H 2006-2007 financial year, the company has reported sales growth of 17% excluding precious metal trading. Profits in its catalysts division have increased by 9%, with an 11% increase in operating profits. The divestment will allow the company to focus on the highly profitable catalysts sector and reenter the pharmaceuticals sector. Analyst's projection shows that the demand growth for catalysts will be higher that the growth rate of the global auto industry due to the introduction of new emission control laws. Demand for engine exhaust catalysts will be spurred by the increased sales of diesel cars in Europe and increased diesel use in North America.

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