Chr. Hansen reports 11% full year sales growth

Chr. Hansen reports 11% full year sales growth

For 2012/13, company expects organic revenue growth between 8 and 10 percent excluding carmine price effect.

With organic growth of 11 percent and an improved EBIT margin in the financial year 2011/2012 Chr. Hansen continues its profitable journey.

"The performance in 2011/12 confirmed the resilient business model of Chr. Hansen with a diversified and innovative product portfolio securing strong organic revenue growth of 11 percent (excluding carmine price effect). Our profitability increased with EBIT margin at 26.5 percent compared to 25.0 percent the year before and Chr. Hansen is well prepared to ensure the future growth of the company," says CEO Lars Frederiksen.

"For 2012/13 we expect organic revenue growth between 8 and 10 percent (excluding carmine price effect) and an EBIT margin before special items and impairments above 2011/12."

Highlights

  • Revenue EUR 699 million, up 10 percent compared to 2010/11
  • Organic revenue growth 8 percent (11 percent adjusted for changes in sales prices to reflect changes in raw material prices for carmine)
  • EBIT EUR 185 million, up 16 percent compared to 2010/11. EBIT margin 26.5 percent, up from 25.0 percent in 2010/11
  • Q4 2011/12 revenue was EUR 185 million, up 15 percent compared to Q4 last year. Organic growth was 10 percent (14 percent adjusted for changes in sales prices to reflect changes in raw material prices for carmine). EBIT margin reached 27.2 percent compared to 28.4 percent in Q4 last year

Outlook 2012/2013

  • Organic revenue growth, excluding effect on sales prices from change in raw material prices for carmine, is expected to be in the range of 8-10 percent while organic revenue growth, including the effect from change in raw material prices for carmine, is expected in the range of 7 to 9 percent
  • The EBIT margin before special items and impairments is expected to be above last year

Organic growth is expected to continue to be driven by increased demand for healthy food products and supplements, conversion from in-house bulk starter to industrialized produced cultures and from synthetic to natural colors, demand for value added solutions and continued innovation.

 

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