Continued strong growth in Q3

Continued strong growth in Q3
Press Release | Jul 05. 2016 06:11 GMT

Strong organic revenue growth of 13% in the first nine months of 2015/16: Food Cultures & Enzymes (13%), Health & Nutrition (2%) and Natural Colors (20%). EBIT before special items increased by 18% to EUR 189 million. In Q3, organic growth reached 12% and EBIT before special items increased by 11% to EUR 71 million.

EUR million Q3 2015/16 Q3 2014/15 Growth YTD 2015/16 YTD 2014/15 Growth
Revenue 249.8 228.1 10% 693.1 625.0 11%
EBIT before special items 71.0 63.8 11% 188.9 159.8 18%
Profit for the period 51.6 45.7 13% 127.9 111.0 15%
Free cash flow* 42.0 53.8 -22% 57.8 65.0 -11%
Organic growth 12% 7% 13% 9%
Gross margin 53.3% 52.4% 52.8% 51.4%
EBIT margin b.s.i. 28.4% 28.0% 27.2% 25.6%
ROIC excl. goodwill 36.0% 33.8%


CEO Cees de Jong says: “We continued to grow our business during Q3, with Food Cultures & Enzymes and Natural Colors showing strong organic revenue growth. Both Food Cultures & Enzymes and Natural Colors also delivered encouraging improvements in profitability. We experienced modest growth in Health & Nutrition, as the animal health business was negatively impacted by commodity prices for milk and meat remaining at extraordinarily low levels. Despite the current pressure on the agricultural sector, the long-term growth prospects for our animal health business remain very positive.”

“During the past three months, we have made good progress with integrating NPC, launched a second product for plant health with good first sales, and, within the human microbiome area, successfully completed a clinical study showing a positive physiological effect of the bacteria tested. Based on the results achieved, we have moved to the next stage in our clinical development plan. Finally, it is very encouraging to see a strong performance by our bioprotective solutions for dairy and other food categories.”


OUTLOOK FOR 2015/16

The outlook for 2015/16 is unchanged compared to the announcement of 7 April, 2016.

7 April, 2016

Organic revenue growth: 10-12%

Research & development expenditures incurred (% of revenue): Around 7%

EBIT margin before special items above 2014/15: above 2014/15

Free cash flow before acquisitions and divestments: above 2014/15

5 July, 2016

Organic revenue growth: 10-12%

Research & development expenditures incurred (% of revenue): Around 7%

EBIT margin before special items above 2014/15: above 2014/15

Free cash flow before acquisitions and divestments: above 2014/15


The Q3 2015/2016 report was released today, 5 July, 2016, and is available from here.


Chr. Hansen es una empresa global líder de biociencia que desarrolla soluciones naturales para las industrias de alimentación y nutrición, farmacéutica y agrícola. Desarrollamos y producimos cultivos, enzimas, probióticos y colorantes naturales para una gran diversidad de alimentos, dulces, bebidas, suplementos dietéticos, piensos para animales y fitosanitarios. Nuestra innovación en productos se desarrolla sobre la base de unas 40.000 cepas microbianas, a las que solemos llamar «bacterias beneficiosas». Nuestras soluciones permiten que los fabricantes de alimentos produzcan más con menos, al tiempo que también disminuyen el uso de productos químicos y aditivos sintéticos, lo que hace que nuestros productos sean muy apropiados en el mundo actual. La sostenibilidad forma parte integrante de la visión de Chr. Hansen de mejorar los alimentos y la salud. En 2019 Chr. Hansen fue clasificada como la compañía más sostenible del mundo por Corporate Knights, gracias a nuestros grandes esfuerzos en pro de la sostenibilidad y a las numerosas relaciones de colaboración con nuestros clientes. Desde hace más de 145 años aportamos valor a nuestros socios comerciales y, en última instancia, a los consumidores finales de todo el mundo. Nos llena de orgullo que cada día más de mil millones de personas consuman productos que contienen nuestros ingredientes naturales. Chr. Hansen fue fundada en 1874 y cotiza en la bolsa Nasdaq de Copenhague.

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