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The Max Noble Integrity Score · the report26 February 2025

Max Noble

Novonesis

Ester Baiget promised 5–7%; ~35%. Now it is 8%; 36.1%.

🇩🇰 Denmark · BiosolutionsNovonesis100IntegrityEBEster BaigetPresident & CEO, 2024–, NovonesisPromisedhow much sales grew in 20245–7%; ~35%21 March 2024
She promised

Sales would grow 5–7% with a margin around 35%.

Ester Baiget, President & CEO, 2024–, on 21 March 2024.

She got

8% growth and a 36.1% margin.

Stamp: Kept.

Why, says the company

Growth across the business in its first year after the merger.

How bad

Nothing: the promise was beaten. Score 100 → 105.

In the company’s own words

Not needed: target beaten. The company raised its own outlook twice during the year and delivered above the first promise on both numbers.

The sources

Will Novonesis deliver 7–8% growth in 2026? Make your call in the CEO Game →