Novozymes Shares Plunge as Danish Enzyme Maker Cuts Outlook

Novozymes A/S shares sank after results missed analyst estimates and as the Danish company said a difficult operating environment forced it to cut its revenue outlook for the year.

The world’s biggest supplier of enzymes used in everything from detergent to biofuel plunged as much as 9.8 percent on Wednesday after the market opened in Copenhagen, and traded 9 percent lower at 296.10 kroner as of 9:09 a.m. local time.