Denmark-based ingredients group Danisco today (6 May) pushed up its sales and earnings targets after reporting a “strong” fourth quarter for the business.

An “attractive product mix” and “strong plant utilisation” meant Danisco now expects underlying EBIT for the fiscal year to stand at DKK1.7bn (US$291.4m) – compared to an earlier forecast of “around” DKK1.6bn.

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Danisco said its fourth-quarter performance had been “better-than-expected”, which has led the company to lift its sales target for the full year to DKK13.65bn – up from DKK13.4bn.

“This is the result of good volumes and a stable pricing environment both in food ingredients and industrial enzymes,” CEO Tom Knutzen said.

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