Brief: Chr. Hansen - Q4 EBIT Ex-Items EUR 97.7 Million

Chr Hansen Holding A/S

08/10/2020 07:16

Oct 8 (Reuters) - Chr Hansen Holding A/S  CHRH.CO :
    * REG-CHR. HANSEN HOLDING A/S FULL-YEAR REPORT - STATEMENT OF RESULTS 2019/20
    * REG-CHR. HANSEN HOLDING A/S FULL-YEAR REPORT - STATEMENT OF RESULTS 2019/20
    * CHR. HANSEN - WE HAVE A CAUTIOUS OUTLOOK FOR 2020/21, GIVEN UNCERTAINTIES THAT COVID-19
STILL
CREATES
    * CHR. HANSEN - OUTLOOK 2020/21: WE EXPECT AN ORGANIC GROWTH RATE OF 5-8%, IN LINE WITH OUR
LONG-TERM AMBITION, WITH HIGHEST CONTRIBUTION FROM HEALTH & NUTRITION
    * CHR. HANSEN - OUTLOOK 2020/21: WE EXPECT AN EBIT MARGIN BEFORE SPECIAL ITEMS OF 27-28%,
GIVEN
HEADWINDS FROM CURRENCIES, A NORMALIZATION OF COST BASE, AND SLIGHT HEADWIND FROM PORTFOLIO
CHANGES
    * CHR. HANSEN - WE REMAIN FIRMLY COMMITTED TO OUR LONG-TERM AMBITION OF DELIVERING
UNDERLYING EBIT
MARGIN EXPANSION BY 2025
    * CHR. HANSEN - ORGANIC GROWTH ACCELERATED IN Q4, DRIVEN BY HEALTH & NUTRITION WHICH
DELIVERED
IMPRESSIVE 18% GROWTH
    * CHR. HANSEN - Q4 REVENUE EUR 254.3 MILLION VERSUS EUR 249.0 MILLION YEAR AGO
    * CHR. HANSEN - Q4 EBIT EX-ITEMS EUR 97.7 MILLION VERSUS EUR 94.3 MILLION YEAR AGO
    * CHR. HANSEN - FOR 2020/21, ORGANIC REVENUE GROWTH IS EXPECTED TO BE 5-8%, WITH THE HIGHEST
CONTRIBUTION FROM HEALTH & NUTRITION
    * CHR. HANSEN - Q4 PROFIT EUR 66.2 MILLION VERSUS EUR 74.6 MILLION YEAR AGO
    * CHR. HANSEN - OUTLOOK 2020/21: EBIT MARGIN B.S.I. IS EXPECTED TO BE 27-28%.
    * CHR. HANSEN - OUTLOOK 2020/21: FREE CASH FLOW BEFORE ACQUISITIONS & DIVESTMENTS AND
SPECIAL
ITEMS IS EXPECTED TO BE EUR 120-160 MILLION.
    * CHR. HANSEN - 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 2019/20.
    * CHR. HANSEN -  BOARD OF DIRECTORS HAS DECIDED TO NOT PROPOSE AN ORDINARY DIVIDEND FOR
2019/20,
TO PRUDENTLY MANAGE THE LEVERAGE OF THE COMPANY

Source text for Eikon:  ID:nGNE2sbr9s 
Further company coverage:  CHRH.CO 

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