Brief: Chr. Hansen Q1 Adj. EBIT Slightly Below Consensus

Chr Hansen Holding A/S

12/01/2023 07:09

Jan 12 (Reuters) - Chr. Hansen Q1 revenue EUR 310 million vs. estimate EUR 307
million.
* Q1 organic growth 10% vs. estimate 8.4%
* Q1 net income EUR 49.5 million vs. estimate EUR 55 million
* Q1 adjusted EBIT EUR 77 million vs. estimate EUR 78 million
* Q1 adjusted EBIT margin 24.7% vs. estimate 25.5%
* Outlook FY organic growth 7-10% (unchanged)
* Outlook FY adjusted EBIT margin 26-27% (previously 27-28%)
* Outlook FY adjusted free cash flow EUR 170-210 million (previously EURm
190-230)