Sales grew by 2% organically and by 1% in DKK, primarily driven by Agriculture & Feed and Technical & Pharma. The EBIT margin improved by 0.2 percentage points to 27.9%, and EBIT grew by 2%. Net profit increased by 8%. In Q4, sales grew by 6% organically and by 8% in DKK compared with Q4 2015. The proposed dividend payout of DKK 4.0 per share is equivalent to dividend growth of 14% and a payout ratio of 39%.
In 2017, Novozymes expects to deliver organic sales growth of 2-5%, with contributions from all five business areas. We expect an EBIT margin of around 28% and a ROIC incl. goodwill of 24-25%. A new stock buyback program worth up to DKK 2 billion is planned.