Health & Nutrition unit helps Chr Hansen beat Q2 expectations

Chr Hansen Holding A/S

06/04/2022 08:32

** Shares in Chr Hansen  CHRH.CO  rise close to 4%, paring
earlier gains of as much as 5.5%, after the Danish ingredients
maker beat Q2 expectations  urn:newsml:reuters.com:*:nASM0006OQ
    ** Q2 EBIT came in at EUR 84 million ($91.53 million)
against EUR 74 million seen in a company-compiled consensus
    ** JPMorgan says the positive stock reaction is supported by
solid Q2 beat with volume driven top-line growth and strong
Health & Nutrition
    ** Credit Suisse also points to this division, saying it has
driven the organic sales growth beat
    ** Chr Hansen has also raised FY guidance for organic growth
to 7-11% from previously seen 5-8%
    ** The stock is among top performers on STOXX 600 index
 .STOXX 


($1 = 0.9177 euros)

 (Reporting by Jagoda Darlak)
 ((jagoda.darlak@tr.com))