Accelerated growth for Chr. Hansen
18 January 2011 – Chr. Hansen experienced solid growth in its first quarter from September 1, 2010 to November 30, 2010. Compared to the same period last year Chr. Hansen’s revenue increased 22%, corresponding to organic growth of 16%. Chr. Hansen raises its expectations to revenue growth this financial year.
Revenue amounted to €156 million, an increase of 22% – Organic growth of 16% – EBITDA before special items increased by 15% to €45,7 million – Operating profit (EBIT) before special items increased by 22% to €35 million – Operating profit (EBIT) margin before special items was 23%, unchanged from Q1 2009/10
"I am very pleased to report that based on the performance in Q1 and in particular the strong evolution in our color business the organic revenue outlook for the group for 2010/11 has been revised upwards, from 8-10% to 11-13%," says CEO Lars Frederiksen. "The financial year 2010/11 has started positively with strong organic growth in all three divisions. Strong demand for DVS cultures is driving results in cultures and enzymes. health and nutrition benefited from the continued interest for probiotics while the pronounced consumer preference for natural colors resulted in organic growth of 46% in colors and blends."