DENMARK: Chr. Hansen H1 profits climb
- EBIT climbs 19% to EUR83m (US$108.9m)
- Revenue increases 9% to EUR333m
- Chr Hansen ups organic growth to within the range of 8% to 10%
Chr. Hansen said it had a “solid” performance in the first half of the year
Danish food ingredients group Chr. Hansen has recorded an increase in first-half profits and upped its outlook for the year.
In the six-month period, EBIT amounted to EUR83m (US$108.9m), a 19% increase on the prior-year period.
Revenue climbed 9% to EUR333m, the company reported today (19 April), while organic growth reached 11%.
As a result of the company's "solid" performance in the first half of the year, Chr Hansen said it has upped its organic growth forecast to a range of 8% to 10% from 7% to 10% announced in January. EBIT margin before special items is still expected to be above 26%, the company said.
"All our divisions contributed positively and especially the cultures and enzymes division has proved our resilient business model with strong growth despite the continued uncertainty around probiotic health claims in EU," said CEO Lars Frederiksen.
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