Brief: Chr Hansen Q4 EBIT In Line With Expectations At EUR 91 Million

Chr Hansen Holding A/S

12/10/2022 07:27

Oct 12 (Reuters) - Chr Hansen Holding A/S  CHRH.CO :
    * REG-CHR. HANSEN ANNUAL REPORT 2021/22
    * OUTLOOK 2022/23: ORGANIC REVENUE GROWTH IS EXPECTED TO BE
IN
RANGE OF 7-10%
    * OUTLOOK 2022/23: REVENUE IS EXPECTED TO BE POSITIVELY
IMPACTED
BY APPROX. 5% FROM EXCHANGE RATES
    * OUTLOOK 2022/23: EBIT B.S.I. IS EXPECTED TO GROW FASTER
THAN
REVENUE, AND EBIT MARGIN BEFORE SPECIAL ITEMS IS EXPECTED TO BE
IN RANGE OF 27.0%-28.0%
    * OUTLOOK 2022/23: FREE CASH FLOW BEFORE SPECIAL ITEMS IS
EXPECTED
TO BE IN RANGE OF EUR 190-230 MILLION
    * Q4 EBIT EUR 91 MILLION VERSUS COMPANY COMPILED CONSENSUS
OF EUR
90 MILLION
    * Q4 REVENUE EUR 328 MILLION VERSUS COMPANY COMPILED
CONSENSUS OF
EUR 327 MILLION
    * Q4 ORGANIC GROWTH 6% VERSUS COMPANY COMPILED CONSENSUS OF
6.1%
    * BASED ON A 13% INCREASE IN EARNINGS PER SHARE TO EUR 1.71,
BOARD
OF DIRECTORS PROPOSES AN ORDINARY DIVIDEND FOR 2021/22 OF EUR
0.95 (DKK 7.04) PER SHARE, FOR A TOTAL OF EUR 125 MILLION
    * PROPOSED ORDINARY DIVIDEND IS EQUIVALENT TO 55% OF PROFIT
FOR
YEAR
    * FURTHERMORE, BOD WILL EVALUATE CAPACITY TO DISTRIBUTE
EXCESS
CASH THROUGH SAFE HARBOUR SHARE REPURCHASE PROGRAMME OR THROUGH
EXTRAORDINARY DIVIDEND DURING 2022/23 IN LINE WITH CO'S CAPITAL
ALLOCATION PRINCIPLES

Source text for Eikon:  ID:nGNE43VKcr 
Further company coverage:  CHRH.CO 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))