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Chr. Hansen sees annual organic revenue growth of 10%
1 Nov 2017Chr. Hansen has reported revenues for the year of €1,063 million, compared to €949 million in 2015/16 - corresponding to organic growth of 10%. Food Cultures & Enzymes saw 9% organic growth.
Chr. Hansen has reported revenues for the year of €1,063 million, compared to €949 million in 2015/16 - corresponding to organic growth of 10%. Food Cultures & Enzymes saw 9% organic growth; Health & Nutrition achieved 14% organic growth; and Natural Colors grew 10% organically.
EBIT before special items increased by 15% to €307 million, compared to €268 million in 2015/16. The EBIT margin before special items was 28.9%, compared to 28.2% in 2015/16. Profit for the year increased by 22% to €224 million, compared to €184 million in 2015/16.“2016/17 was another good year for Chr. Hansen,” said CEO Cees de Jong. “We delivered successfully on our operational and strategic priorities, achieving strong financial results while continuing to build long-term growth opportunities. Organic growth reached 10%, and the EBIT margin before special items ended at 28.9%, up from 28.2% the year before. Finally, free cash flow before special items and acquisitions was EUR 188 million, an improvement of 7%, despite considerable investments in both new capacity and future growth opportunities in line with our Nature’s no. 1 strategy,” For the fourth quarter, the company reported revenues of €283 million, compared to €256 million in the year ago quarter - corresponding to organic growth of 12%. Food Cultures & Enzymes saw 10% organic growth; Health & Nutrition achieved 21% organic growth; and Natural Colors grew 11% organically.EBIT before special items increased by 15% to €307 million, compared to €268 million in 2015/16. The EBIT margin before special items was 28.9%, compared to 28.2% in 2015/16. Profit for the year increased by 22% to €224 million, compared to €184 million in 2015/16.Chr. Hansen said it expects continuing organic revenue growth in the 8-10% range.