trending Market Intelligence /marketintelligence/en/news-insights/trending/40QAf91C_ZVQTNlMB9rztA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Novozymes CEO to step down in early 2020 after issuing profit warning

Virgin Media-O2 Tie Up, EC Reversal on Three-O2 to Reboot Consolidation

COVID-Era Private Credit Trends: Liquidity Covenants In, DDTLs Out

Assessing ESG Profiles And Returns Against The Broader High-Yield Sector

Q&A Credit Risk Perspectives Series: COVID-19 Credit Risks and Recovery for Supply Chains


Novozymes CEO to step down in early 2020 after issuing profit warning

Novozymes A/S President and CEO Peder Holk Nielsen will step down in early 2020, the company announced Oct. 15 following a profit warning last week.

Nielsen will continue in his role until the company finds his replacement, who is expected to be from outside the Novo Group.

"Novozymes has been challenged in recent years and needs to deliver higher revenue growth. Therefore, this is the right time to bring in new leadership," the company said in a statement.

On Oct. 10, the industrial enzymes company projected 2019 organic sales to decline 2% or come in flat at best, compared with prior guidance of 1% to 3% growth.

"Volatile markets in the U.S. ethanol, global agriculture and the starch processing businesses in food and beverage continue to impact sales negatively," Nielsen, who has been CEO since April 2013, said during the company's Oct. 10 conference call.

As a result, the company revised its EBIT margin outlook to between 27% and 28%, down 1 percentage point from prior guidance. It also forecast full-year net profit to drop 5% or come in flat at best, compared with previous guidance of between 3% and 8% increase.