Danisco reported strong performances in North America and Asia Pacific

Danisco reported strong performances in North America and Asia Pacific

Denmark-based ingredients group Danisco has booked an increase in full-year profits, boosted by strong performances in North America and Asia Pacific.

For the 12 months to 30 April, net profit amounted to DKK481m (US$79.4m) compared to DKK72m in the prior year.

Danisco reported group revenue of DKK13.7bn, a rise of 6% on an organic basis.

Operating profit reached DKK895m compared to DKK495m in the prior year.

CEO Tom Knutzen said the group has experienced “positive earnings momentum” throughout the year, including four earnings upgrades and meeting its financial milestone of a 12.5% EBIT margin “well ahead of plan”.

“All key geographies contributed to growth over the year, especially North America and Asia Pacific. In the four BRIC countries, organic revenue for the group increased by 13% led by particularly strong growth in China and Russia, whereas Latin America came in below our expectations. The global emerging markets remain a key growth driver for Danisco,” the firm said.
 
Danisco said it expects profit for the year of more than DKK1bn.

Click here to view Danisco's full earnings release.