On track after strong second quarter

On track after strong second quarter
Press ReleaseApr 09. 2014 08:00 GMT

Chr. Hansen experienced a strong second quarter and maintains the outlook for the year

“Following a strong Q2 with 10% organic growth and solid margin development we remain on track to deliver on our outlook for the full year, expecting organic revenue growth of 7-9% and an EBIT margin before special items above 26%,” says CEO Cees de Jong.

“We have continued to implement our Nature’s No. 1 strategy with initiatives to support the future growth and profitability of Chr. Hansen. I am especially pleased with the good performance of both the Cultures & Enzymes Division and the EMEA region in general as well as to see the first sales of cultures for crop protection.”

Highlights first half 2013/14

  • Revenue EUR 353 million, unchanged from first half 2012/13
  • Organic growth 6%
  • EBIT before special items and impairments EUR 88 million and EBIT margin before special items and impairments 25.0%, both unchanged from last year

Second quarter 2013/14 results

  • Revenue EUR 182 million, up 4% on last year
  • Organic growth 10%
  • EBIT margin before special items and impairments 24.8%, up from 23.3% last year

Outlook for 2013/14
The outlook for 2013/14 is unchanged from the announcement of 15 January 2014.

Organic revenue growth is expected to be 7‐9%.

The EBIT margin before special items is expected to be above 26%.

Full interim report

Please see the interim report for further details:

Chr. Hansen is a leading, global bioscience company that develops natural ingredient solutions for the food, nutritional, pharmaceutical and agricultural industries. We develop and produce cultures, enzymes, probiotics and natural colors for a rich variety of foods, confectionery, beverages, dietary supplements and even animal feed and plant protection. Our product innovation is based on more than 30,000 microbial strains – we like to refer to them as ‘good bacteria’. Our solutions enable food manufacturers to produce more with less – while also reducing the use of chemicals and other synthetic additives – which make our products highly relevant in today’s world. Sustainability is an integral part of Chr. Hansen’s vision to improve food and health. In 2019 Chr. Hansen was ranked as the world’s most sustainable company by Corporate Knights thanks to our strong sustainability efforts and our many collaborative partnerships with our customers. We have been delivering value to our partners – and, ultimately, end consumers worldwide – for over 140 years. We are proud that more than one billion people consume products containing our natural ingredients every day. Revenue in the 2017/18 financial year was EUR 1,097 million. Chr. Hansen was founded in 1874 and is listed on Nasdaq Copenhagen.