Chr. Hansen adjusts outlook after encouraging Q2 results

Chr. Hansen adjusts outlook after encouraging Q2 results
Press Release | Apr 07. 2016 06:06 GMT

Strong organic revenue growth of 13% in the first half of 2015/16: Food Cultures & Enzymes (13%), Health & Nutrition (2%) and Natural Colors (22%). 

EBIT before special items increased by 23% to EUR 118 million. In Q2, organic growth reached 12%, and EBIT before special items increased by 22% to EUR 64 million. 

During the first half of 2015/16, Chr. Hansen was positively impacted by the strong USD, while the negative impact from inflation in certain countries was partly offset by the use of EUR-based pricing.

“The results in the first half of 2015/16 were encouraging, with strong growth in Food Cultures & Enzymes and Natural Colors and strong improvements in the profitability for both divisions. The modest growth in Health & Nutrition was anticipated and we expect to see higher growth for the division in the second half of the year,” says CEO Cees de Jong.

“During the second quarter we closed the acquisition of NPC, and we commenced the integration of the two companies to ensure we realize the strong potential of the combined business in the coming years.

“To support the Nature’s No. 1 strategy and to secure future growth in our microbial businesses we have changed our organization by creating a shared backbone for Food Cultures & Enzymes (previously the Cultures & Enzymes Division) and Health & Nutrition covering research & development, production incl. logistics, and IT.

“Based on the results for the first half of the year we raise our expectations for organic revenue growth to 10-12% (previously 9-11%). The EBIT margin before special items is still expected to be above the 27.1% achieved in 2014/15.”


EUR million Q2 2015/16 Q2 2014/15 Growth YTD 2015/16 YTD 2014/15 Growth
Revenue 228.9 208.8 9% 443.3 396.9 11%
EBIT before special items 63.9 52.5 22% 117.9 96.0 23%
Profit for the period 37.4 35.5 6% 76.3 65.3 17%
Free cash flow* 32.5 41.6 -12% 15.9 11.2 42%
Organic growth 12% 12% 13% 11%
Gross margin 52.7% 50.4% 52.5% 50.8%
EBIT margin b.s.i. 27.9% 25.2% 26.6% 24.2%
ROIC excl. goodwill 36.0% 32.6% 34.3% 30.6%


OUTLOOK FOR 2015/16

The outlook for 2015/16 has been adjusted compared to the announcement of 14 January 2016. 

14 January 2016

Organic revenue growth: 9-11%

Research & development expenditures incurred (% of revenue): 6.5-7.0%

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

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


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

The Q2 2015/2016 report was released today, 7 April, 2016, and is available from here.


A Chr. Hansen é uma empresa líder global de biociência, que desenvolve soluções naturais para as indústrias alimentícia, nutricional, farmacêutica e agrícola. Desenvolvemos e produzimos culturas, enzimas, probióticos e corantes naturais para uma ampla variedade de alimentos, confeitos, bebidas, suplementos nutricionais, rações animais e proteção vegetal. A nossa inovação em produtos se baseia em cerca de 40 mil cepas microbianas – nós gostamos de chamá-las de “bactérias boas”. Nossas soluções permitem aos fabricantes de alimentos produzir mais com menos – ao mesmo tempo que reduzem o uso de produtos químicos e outros aditivos sintéticos –, tornando nossos produtos altamente relevantes no mundo atual. Sustentabilidade é uma parte essencial da visão da Chr. Hansen para melhorar os alimentos e a saúde. Em 2019, a Chr. Hansen foi considerada a empresa mais sustentável do mundo pela Corporate Knights, graças aos nossos esforços em prol da sustentabilidade e às muitas parcerias colaborativas com os nossos clientes. Há mais de 145 anos nós satisfazemos os nossos parceiros e, por extensão, os nossos consumidores finais em todo o mundo. Temos orgulho pelo fato de que mais de 1 bilhão de pessoas consome diariamente produtos contendo os nossos ingredientes naturais. A Chr. Hansen foi fundada em 1874 e está listada na Nasdaq Copenhagen.

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