Brief: Chr. Hansen Q3 EBIT At EUR 85 Mln, In Line With Consensus

Chr Hansen Holding A/S

07/07/2022 07:12

July 7 (Reuters) - Chr Hansen Holding A/S  CHRH.CO :
    * CHR. HANSEN HOLDING A/S INTERIM REPORT Q3 2021/22
    * Q3 REVENUE EUR 318 MILLION VERSUS COMPANY COMPILED
CONSENSUS OF
EUR 313 MILLION
    * OUR INFLATION-DRIVEN PRICING MEASURES STARTED TO
CONTRIBUTE
POSITIVELY DURING Q3, WHILE VOLUME GROWTH SLOWED DOWN AS
EXPECTED FOLLOWING STRONG GROWTH IN FIRST HALF OF YEAR.
    * BASED ON PERFORMANCE OF QUARTER, WE NARROW OUR ORGANIC
REVENUE
GROWTH TARGET FOR 2021/22 TO 8-10%
    * Q3 ORGANIC GROWTH 9% VERSUS COMPANY COMPILED CONSENSUS OF
8.3%
    * DELAYED IMPACT FROM PRICING COMBINED WITH CONTINUED
INFLATIONARY
PRESSURE AND ACTIONS TO PROTECT OUR SUPPLY CHAIN HAD A NEGATIVE
IMPACT ON OUR EBIT MARGIN B.S.I
    * Q3 EBIT EUR 85 MILLION VERSUS COMPANY COMPILED CONSENSUS
OF EUR
84 MILLION
    * 2021/22 OUTLOOK: ORGANIC GROWTH IS EXPECTED IN RANGE OF
8-10%
(PREVIOUSLY 7-11%)
    * Q3 NET PROFIT EUR 58.3 MILLION VERSUS COMPANY COMPILED
CONSENSUS
OF EUR 60 MILLION
    * 2021/22 OUTLOOK:  EBIT MARGIN BEFORE SPECIAL ITEMS IS
EXPECTED
TO BE 26-27% (UNCHANGED)

Source text for Eikon:  ID:nGNE80p7bK 
Further company coverage:  CHRH.CO 

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