Chr Hansen's 'encouraging' start to the year lifts shares

Chr Hansen Holding A/S

13/01/2022 08:51

** Shares in Danish food ingredients maker Chr Hansen
 CHRH.CO  rise nearly 6% after Q1 results beating forecasts
    ** The company's quarterly revenue of DKK 268 mln and EBIT
of DKK 65 mln came in above consensus estimates  urn:newsml:reuters.com:*:nASN0021OI
    ** Outlook remains unchanged, in line with consensus
expectations
    ** Chr Hansen's CEO says the encouraging start to the year
underlines the strength of company's 2025 strategy
differentiating it as a bioscience company focused on microbial
and fermentation technology platforms
    ** JPM notes the headline beat but given reiterated FY22
guide it expects limited changes to consensus EPS 
    ** The stock, on track for its best day in a year, is among
top performers on STOXX 600  .STOXX  index 
    
    

 (Reporting by Aleksandra Jasiurska)
 ((Aleksandra.jasiurska@thomsonreuters.com))