News

Chr. Hansen raises outlook

13 Apr 2016

Chr. Hansen has reported strong organic revenue growth of 13% in the first half of 2015/16, with Food Cultures & Enzymes up 13%, Health & Nutrition up 2% and Natural Colours up 22%.

Chr. Hansen has reported strong organic revenue growth of 13% in the first half of 2015/16, with Food Cultures & Enzymes up 13%, Health & Nutrition up 2% and Natural Colours up 22%. EBIT before special items increased by 23% to €118 million. In Q2, organic growth reached 12%, and EBIT before special items increased by 22% to €64 million.

During the first half of 2015/16, Chr. Hansen said it was positively impacted by the strong US dollar, while the negative impact from inflation in certain countries was partly offset by the use of €-based pricing.

“The results in the first half of 2015/16 were encouraging, with strong growth in Food Cultures & Enzymes and Natural Colors and strong improvements in the profitability for both divisions. The modest growth in Health & Nutrition was anticipated and we expect to see higher growth for the division in the second half of the year,” said CEO Cees de Jong.“During the second quarter we closed the acquisition of NPC, and we commenced the integration of the two companies to ensure we realize the strong potential of the combined business in the coming years.”

“To support the Nature’s No. 1 strategy and to secure future growth in our microbial businesses we have changed our organization by creating a shared backbone for Food Cultures & Enzymes (previously the Cultures & Enzymes Division) and Health & Nutrition covering research & development, production incl. logistics, and IT.”

“Based on the results for the first half of the year we raise our expectations for organic revenue growth to 10-12% (previously 9-11%). The EBIT margin before special items is still expected to be above the 27.1% achieved in 2014/15.”