Enzyme Business â Strategy and activities - Novozymes

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16 8/9/2009NOVOZYMES' CAPITAL MARKETS DAYIMPACT OFTODAY ONTOMORROW
17 8/9/2009NOVOZYMES' CAPITAL MARKETS DAYToday’s global recession did have an impact• The global economic downturn took us and ourcustomers by surprise• As this recession is different from previous experience:• Consumers have reacted more swiftly and stronger =>immediate changes in consumption patterns (e.g., feedvolumes)• But producers have also reacted differently (e.g.,detergent)• And there has been a transition in Novozymes’ businessdistribution over the last years
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Enzyme Business â Strategy and activities - Novozymes

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Enzyme Business â Strategy and activities - Novozymes