DENMARK: Chr. Hansen FY profit climbs
- EBIT climbs 16%
- Revenues up 10%
- EBIT margin 26.5%
"The performance in 2011/12 confirmed the resilient business model of Chr. Hansen", the company said
Denmark-based food ingredients firm Chr. Hansen has booked an increase in full-year profit and said it is "well prepared" for future growth.
EBIT in the 12 month period climbed 16% to EUR185m (US$239.7m), the company reported yesterday (31 October). EBIT margin was at 26.5%, up from 25% in the prior year.
Sales reached EUR699m, a 10% increase on the comparable period last year.
"The performance in 2011/12 confirmed the resilient business model of Chr. Hansen with a diversified and innovative product portfolio securing strong organic revenue growth," said CEO Lars Frederiksen.
The company said it expects organic revenue growth for 2012/2013, excluding effect on sales prices from change in raw material prices for carmine, to be in the range of 8-10%, and EBIT margin before special items and impairments to be above last year.
Full-year results: Strong performance and solid expectations
With organic growth of 11% and an improved EBIT margin in the financial year 2011/2012 Chr. Hansen continues its profitable journey.
"The performance in 2011/12 confirmed the resilient business model of Chr. Hansen with a diversified and innovative product portfolio securing strong organic revenue growth of 11% (excluding carmine price effect). Our profitability increased with EBIT margin at 26.5% compared to 25.0% the year before and Chr. Hansen is well prepared to ensure the future growth of the company," says CEO Lars Frederiksen.
"For 2012/13 we expect organic revenue growth between 8-10% (excluding carmine price effect) and an EBIT margin before special items and impairments above 2011/12."
? Revenue EUR 699 million, up 10% compared to 2010/11
? Organic revenue growth 8% (11% adjusted for changes in sales prices to reflect changes in raw material prices for carmine)
? EBIT EUR 185 million, up 16% compared to 2010/11. EBIT margin 26.5%, up from 25.0% in 2010/11
? Q4 2011/12 revenue was EUR 185 million, up 15% compared to Q4 last year. Organic growth was 10% (14% adjusted for changes in sales prices to reflect changes in raw material prices for carmine). EBIT margin reached 27.2% compared to 28.4% in Q4 last year
? Organic revenue growth, excluding effect on sales prices from change in raw material prices for carmine, is expected to be in the range of 8-10% while organic revenue growth, including the effect from change in raw material prices for carmine, is expected in the range of 7-9%
? The EBIT margin before special items and impairments is expected to be above last year
Original source: Chr Hansen
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