News

  02/07/2020 | Ingredients

Chr. Hansen reports solid organic growth for Q3

Chr. Hansen reports organic revenue growth of 7 % in Q3, corresponding to 4 % EUR growth, with an improved momentum compared to 1H as expected. F ood Cultures & Enzymes 8 %, Health & Nutrition 12 % and Natural Colours 1 %, increasing the group organic revenue growth in the first nine months of 2019/20 to 5 %.

Covid-19 impacts on revenues in Q3 were a net positive. In Q3, Ebit before special items increased by 5 % to EUR 97 m, and Ebit margin before special items increased by 0.4 %-point to 30.8 %. The full-year outlook on organic growth and Ebit margin b.s.i. is unchanged, while FCF b.a.s.i is increased to above EUR 200 m.

“We are pleased with our Q3 performance, as our business demonstrated resilience during the first volatile months since the outbreak of Covid-19 thanks to our essential natural ingredient solutions for the food, nutritional and agricultural industries,” says CEO Mauricio Graber. “Customers increased safety stocks of essential ingredients in March and early April, to carry them through potential supply chain disruptions and then inventories began to normalize late April and in May. Our innovative solutions have proved their value, and we were able to continue the strong momentum from recent product launches, and bioprotection posted another strong quarter. Natural Colours also delivered positive growth, despite challenging conditions from Covid-19 and low raw material prices.”

www.chr-hansen.com