Chr. Hansen: Falls on cautious guidance, lack of dividend

Chr Hansen Holding A/S

08/10/2020 08:17

** Shares in Danish food ingredients maker Chr. Hansen
 CHRH.CO  fall 4.6% after Q4 results, cautious 2020/21 outlook
 urn:newsml:reuters.com:*:nASN000EV9
    ** Chr. Hansen reported Q4 profit of EUR 66.2 million
($77.96 million), 12.7% lower than the EUR 74.6 million year ago
    ** It sees FY EBIT margin before special items of 27-28%, vs
29.5% expected previously  urn:newsml:reuters.com:*:nGNEc21WQs 
    ** Says outlook is "cautious" amid uncertainties due to
COVID-19
    ** Decides to not propose 2019/20 ordinary dividend "to
prudently manage the leverage of the Company"


($1 = 0.8491 euros)

 ((marta.frackowiak@thomsonreuters.com))