News
Chr. Hansen sees organic growth of 10%
6 Jul 2017Chr. Hansen saw strong organic revenue growth of 10% in the first nine months of 2016/17. Food Cultures & Enzymes saw 9% organic growth; Health & Nutrition grew organically 12%; and Natural Colors grew 9%.
Chr. Hansen saw strong organic revenue growth of 10% in the first nine months of 2016/17.
“We continue to grow our business with Food Cultures & Enzymes and Health & Nutrition performing slightly better than expected. Based on this we have narrowed our organic revenue expectations for 2016/17 to 9%-10% from previously 8-10%. Both Food Cultures & Enzymes and Natural Colors delivered further improvements in profitability, while Health & Nutrition showed a solid margin progression in Q3. The capacity expansion for dairy cultures in Copenhagen is on track, and we are preparing for the final implementation later this year,” said CEO Cees de Jong.“It is exciting to see that we are making solid progress in the area of the human microbiome, where we have recently expanded our strain library with lead candidates targeting gastrointestinal, immune and metabolic health. Adding these novel bacterial strains to our portfolio is a major milestone in developing the next-generation probiotics.”Revenues were €780 million, compared to €693 in the year-ago period. Food Cultures & Enzymes saw 9% organic growth; Health & Nutrition grew organically 12%; and Natural Colors grew 9%. EBIT before special items was €217 million, compared to €189 million in 2015/16.