Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Novo Holdings reports Total Income and Returns of DKK 37 billion (€5 billion) in 2021, representing a 29% increase over 2020


News provided by

Novo Holdings

28 Mar, 2022, 09:55 GMT

Share this article

Share toX

Share this article

Share toX

COPENHAGEN, Denmark, March 28, 2022 /PRNewswire/ -- Novo Holdings realised Total Income and Returns of DKK 37 billion (€5 billion) in 2021, representing a 29% increase over 2020. The result is based on a strong performance from both the Novo Group companies and the Novo Holdings Investment Portfolio, with the latter generating a highly satisfactory return of 15% for the year.

Novo Holdings closed 2021 with total assets of DKK 697 billion (€94 billion), up from DKK 457 billion (€61 billion) in 2020, with the Novo Holdings Investment Portfolio alone increasing to a record DKK 182 billion (€24 billion).

Total Returns from the Novo Holdings Investment Portfolio amounted to DKK 23.9 billion (€3.2 billion), while dividends and income from participating in the share repurchase programmes of the Novo Group companies (Novo Nordisk and Novozymes) totalled DKK 13.5 billion (€1.8 billion).

Kasim Kutay, CEO of Novo Holdings, said: "2021 was a very satisfactory year for Novo Holdings. Besides strong returns from the Novo Group companies, our Investment Portfolio delivered strong results across all segments. We are very pleased to be executing on our key objective of generating attractive returns for the Novo Nordisk Foundation, which the Foundation can distribute for purposes that improve the lives of people and the sustainability of the planet."

Portfolio of 151 companies

The Novo Holdings Investment Portfolio comprises Life Science Investments (Novo Seeds, Novo Growth, Novo Ventures and Novo Principal Investments), making up 52% of the portfolio, and Novo Capital Investors (48% of the portfolio). The Life Science Investment Portfolio and Novo Capital Investors contributed evenly with returns of close to DKK 12 billion (€1.6 billion) each.

By year-end, the total Novo Holdings portfolio counted 151 companies, including Novo Nordisk and Novozymes.

"2021 was a year of very high activity across all our verticals, and we have increased our investments both geographically and sector-wise. Our Principal Investments team in Boston acquired two companies, and our team in Singapore invested in a number of highly promising healthcare companies across Southeast Asia. On top of that, the Novo Ventures team executed 46 investments and eight IPOs, while Novo Seeds continues to be a key player in building a sustainable Nordic life science ecosystem," Kasim Kutay said.

"Further, we have successfully increased our presence in the bioindustrials sector, which is a very important strategic area to Novo Holdings, while Novo Capital Investors further increased our investments into real assets," Kasim Kutay added.

At the end of 2021, the Life Science Investment Portfolio generated a 10-year average return of 17%, while the Novo Capital Investors Portfolio generated a 10-year average return of 10%. The total Novo Holdings Investment Portfolio 10-year average return stands at 14%.

Investment Portfolio highlights 

  • Novo Capital Investors, the non-life science investment team of Novo Holdings, closed the year with DKK 88 billion (€11.8 billion) of assets under management and generated a return of 17%. The new Real Assets Team of Novo Capital Investors committed around DKK 3 billion (€0.4 billion), including an investment in the Copenhagen land plot Jernbanebyen, a strategic renewable partnership with European Energy and our first real estate investments in the US.
  • Principal Investments experienced a high conversion rate in 2021 in private investing and deployed DKK 9 billion (€1.2 billion) of capital, including the private majority investments into Altasciences (Canada) and BBI (UK), and the private minority investments into Availity (US) and Esco (Singapore).
  • Novo Growth invested DKK 1.7 billion (€0.2 billion) in 2021, taking its total portfolio to 21 companies. In just a few years, Novo Growth has emerged as a leading life science growth equity investor and has a portfolio of companies in sectors ranging from bioindustrials to diagnostics and gene therapy. This year saw the IPO of Exscientia, a pharmatech company Novo Holdings invested in during 2020, at a valuation of around DKK 17 billion (€2.3 billion).
  • Novo Ventures had a high level of activity and invested DKK 3.2 billion (€0.4 billion). The Novo Ventures Team executed 46 investments, and among the exits were eight IPOs. In 2021, Novo Ventures invested in its first Asia-based company, namely Hummingbird Biosciences, an innovative clinical-stage biotech company.
  • Novo Seeds invested DKK 572 million (€77 million) in 2021, including investments into six new companies. A highlight of the year was the NASDAQ IPO of IO Biotech at a valuation of around DKK 2.6 billion (€0.3 billion). Copenhagen-based IO Biotech, a clinical-stage biopharmaceutical company developing novel, immune-modulating anti-cancer therapies, was seeded by Novo Seeds in 2014 with an initial investment of approximately DKK 4 million (€0.5 million).

Read the Novo Holdings Annual Report 2021 here.

About Novo Holdings A/S

Novo Holdings A/S is a private limited liability company wholly owned by the Novo Nordisk Foundation. It is the holding company of the Novo Group, comprising Novo Nordisk A/S and Novozymes A/S, and is responsible for managing the Novo Nordisk Foundation's assets.

Novo Holdings is recognised as a leading international life science investor with a focus on creating long-term value. As a life science investor, Novo Holdings provides seed and venture capital to development-stage companies and takes significant ownership positions in growth and well-established companies. Novo Holdings also manages a broad portfolio of diversified financial assets. Further information: www.novoholdings.dk

About the Novo Nordisk Foundation

The Novo Nordisk Foundation is an enterprise foundation with philanthropic objectives established in Denmark in 1924. The vision of the Foundation is to improve people's health and the sustainability of society and the planet. The Foundation's mission is to progress research and innovation in the prevention and treatment of cardiometabolic and infectious diseases as well as to advance knowledge and solutions to support a green transformation of society. Further information: https://novonordiskfonden.dk/en/

Modal title

Also from this source

Novo Holdings portfolio company Kate Farms acquired by Danone

Novo Holdings, a leading life science investor, today announced that its portfolio company Kate Farms has been acquired by Danone, a global leader in ...

Novo Holdings appoints four new members to its Board of Directors further strengthening global perspectives and strategic capabilities

Novo Holdings is pleased to announce the appointments of Jun Sung Kim, Lars Green, N.P. "Narv" Narvekar and Torsten Sløk to its Board of Directors,...

More Releases From This Source

Explore

STEM (Science, Tech, Engineering, Math)

STEM (Science, Tech, Engineering, Math)

Biotechnology

Biotechnology

Health Care & Hospitals

Health Care & Hospitals

Financial Technology

Financial Technology

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.