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.


科汉森是为食品、营养、制药和农业行业开发天然解决方案的一家全球领先的生物科学公司。我们为各种食品、糖果、饮料、膳食补充剂、动物饲料和植物保护开发和生产发酵剂、酶、益生菌和天然色素。我们的产品创新基于大约 40,000 株微生物菌株——我们喜欢称之为“有益菌群”。我们的解决方案帮助食品制造商实现以更少的资源生产更多的产品,同时也减少了化学添加剂和其他合成物添加剂的使用,这使得我们的产品与当今世界息息相关。可持续性是科汉森改善食物和健康的愿景不可分割的一部分。2019 年,科汉森被 Corporate Knights 评为全球最可持续发展的公司,这要归功于我们为可持续发展付出的巨大努力以及我们与客户建立的众多合作伙伴关系。145 年来,我们一直在不断地为我们的合作伙伴以及全球终端消费者创造价值。令我们感到自豪的是,每天有超过 10 亿人在消费含有我们天然成分的产品。科汉森成立于 1874 年,并已在哥本哈根证券交易所上市。

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