Chr Hansen: Company reported strong Q3
Chr Hansen

Company reported strong Q3

Chr Hansen
The company is headquatered at Hoersholm, Denmark.
The company is headquatered at Hoersholm, Denmark.

DENMARK, Hoersholm. Probiotic and natural colours player Chr Hansen reported a 10% growth in organic revenue in the first nine months, leading the company to slightly raise full year expectations.

CEO Cees de Jong said a better than expected performance in both Food Cultures & Enzymes and Health & Nutrition led to a strong third quarter and nine-month result –meaning the company has narrowed organic revenue expectations from a previously suggested 8–10% to a new estimate of 9–10%.

Chr Hansen reported year-to-date (YTD) revenue of €780 mill., compared to €693 mill. for the same period last year. Profits were up by €28 mill. – hitting €156 mill. versus €128 mill. in 2015/16. Driving the increased revenue was 12% organic growth for the firm’s Health & Nutrition division, while Food Cultures & Enzymes and Natural Colours groups both reported a 9% organic growth.

De Jong added that the company has seen great growth and a strong performance in its human microbiome program – including the recent addition of 100 new strains to its development library, which could help development of new commercial probiotics for a range of metabolic, immune, and digestive health issues.

 

Source: Chr Hansen
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