Chr Hansen: Slides on Q1 miss, cautious outlook kept

Chr Hansen Holding A/S

14/01/2021 08:04

** Shares in Chr. Hansen  CHRH.CO  fall 3% after the Danish
food ingredients maker kept its "cautious" outlook for 2020/21 
    ** The company reported Q1 2020/21 sales, profit slightly
below estimates, cited "material" impact from acquisitions in
the Health and Nutrition business  urn:newsml:reuters.com:*:nL4N2JN391
    ** In its Q4 report published in October Chr Hansen said it
decided not to pay dividend for FY 2019/2020 and provided a
cautious outlook for the next year amid uncertainty on the
market  urn:newsml:reuters.com:*:nL8N2GZ1D6
    ** "Lower contribution from M&A likely to result in small
downgrades" Credit Suisse says, pointing also to foreign
exchange impact on the results
    ** Chr Hansen shares among top fallers on STOXX 600  .STOXX 
 

 ((boleslaw.lasocki@tr.com))