Brief: Chr. Hansen Q1 EBIT Ex-Items At EUR 61.4 Mln

Chr Hansen Holding A/S

14/01/2021 07:10

Jan 14 (Reuters) - Chr Hansen Holding A/S  CHRH.CO :
    * REG-CHR. HANSEN HOLDING A/S INTERIM REPORT Q1 2020/21
    * OUTLOOK FOR 2020/21 IS UNCHANGED ON ALL KEY PARAMETERS
    * Q1 2020/21 ORGANIC SALES GROWTH WAS 10%
    * CHR. HANSEN IS ON TRACK TO EXECUTE ON OUR 2025 STRATEGY
AND
BECOME A FOCUSED BIOSCIENCE COMPANY BASED ON A UNIQUE MICROBIAL
AND FERMENTATION TECHNOLOGY PLATFORM
    * UNDERLYING EBIT MARGIN B.S.I. OF 28.5%
    * DIVESTMENT PROCESS OF NATURAL COLORS IS ALSO ON TRACK AND
BUSINESS DELIVERED AS EXPECTED.
    * THIS IS A YEAR OF TRANSITION, WHERE WE NEED TO SECURE A
SUCCESFUL INTEGRATION OF ACQUIRED BUSINESSES.
    * Q1 REVENUE EUR 243.5 MILLION (COMPANY CONSENSUS: EUR 257
MILLION)
    * WE HAVE STARTED OUT STRONG, AND WE WILL ADDRESS ANY
CHALLENGES
THAT MAY ARISE IN THOSE PROCESSES HEAD ON AND WITH
DETERMINATION.
    * Q1 EBIT EX-ITEMS EUR 61.4 MILLION (COMPANY CONSENSUS: EUR
62.4
MILLION)
    * Q1 PROFIT EUR 41.4 MILLION (COMPANY CONSENSUS: EUR 46.1
MILLION)
    * DIVESTMENT OF NATURAL COLORS IS EXPECTED TO COMPLETE
DURING THE
SPRING OF 2021, AND UPON RECEIVING THE PROCEEDS THE BOARD OF
DIRECTORS EXPECTS TO PAY OUT AN EXTRAORDINARY DIVIDEND AT LEAST
EQUAL TO A NORMALIZED ORDINARY DIVIDEND FOR 2019/2

Source text for Eikon:  ID:nGNE3xT2t9 
Further company coverage:  CHRH.CO 

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