Novo Holdings reports Total Income and Investment Returns of DKK 31 billion (€4.2 billion) for 2023. Total Assets grow by 38% to DKK 1,114 billion (€149 billion)
Copenhagen, Denmark – Novo Holdings today announced its financial results for 2023*. Strong Investment Portfolio performance, and growth of the Novo Group companies drive Total Income and Investment Returns to DKK 31 billion (€4.2 billion) for 2023, up from DKK 3 billion (€0.4 billion) in 2022. The Investment Portfolio generated a return of 9.4%, compared to -6.3% in 2022. Including Special Investments**, the Total Investment Return is 7%.
Total Income and Investment Returns of DKK 31 billion are comprised of income from dividends and the share repurchase programmes of the Novo Group companies (Novo Nordisk A/S and Novozymes A/S, now known as Novonesis following the merger with Chr. Hansen), totalling DKK 19 billion (€2.5 billion), and Returns from the Investment Portfolio generating an income of DKK 13 billion (€1.7 billion) when including all Investment Assets. The 5- and 10-year trailing returns for the Investment Portfolio are 10.1% for both horizons.
