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CHR - Chr Hansen Holding A/S News Story

DKK546.2 4.4  0.8%

Last Trade - 12/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £8.34bn
Enterprise Value £9.77bn
Revenue £792.4m
Position in Universe 85th / 1832

BRIEF-Chr. Hansen Q3 EBIT Ex-Items Up YoY, Cuts Organic Growth Outlook

Thu 27th June, 2019 6:47am
June 27 (Reuters) - Chr Hansen Holding A/S  CHRH.CO :
    * INTERIM REPORT SEPTEMBER 1, 2018 - MAY 31, 2019
    * SOLID SALES GROWTH AND PROFITABILITY IN Q3, BUT REDUCED
ORGANIC
GROWTH OUTLOOK FOR YEAR
    * Q3 REVENUE 302.0 MILLION EUROS VERSUS 282.7 MILLION EUROS
    * Q3 PROFIT 66.5 MILLION EUROS VERSUS 60.5 MILLION EUROS
    * Q3 EBIT BEFORE SPECIAL ITEMS 91.7 MILLION EURS VERSUS 
84.0
MILLION EUROS
    * ORGANIC GROWTH OUTLOOK FOR 2018/19 IS ADJUSTED TO 7-8%,
WHEREAS
GUIDANCE ON EBIT IS UNCHANGED,  GUIDANCE ON FCF IS ADJUSTED
UPWARDS
    * SEES 2018/19 ORGANIC REVENUE GROWTH OF 7%-8%
    * IN Q3, ORGANIC GROWTH WAS 8%, AND EBIT BEFORE SPECIAL
ITEMS
INCREASED BY 9%
    * FY GUIDANCE FOR FOOD CULTURES & ENZYMES IS UNCHANGED,
HEALTH &
NUTRITION IS NOW EXPECTED TO GROW AROUND 10%
    * FY GUIDANCE ON EBIT MARGIN IS UNCHANGED
    * SEES 2018/19 EBIT MARGIN BEFORE SPECIAL ITEMS AROUND 29.5%
    * BASED ON CASH-FLOW GENERATION IN FIRST NINE MONTHS, BOARD
DECIDED TO PAY OUT EXTRAORDINARY DIVIDEND TOTALING EUR 110
MILLION (DKK 6.24/SHARE)
    * QTRLY EARNINGS PER SHARE EUR 0.50
    * CEO SAYS AS A RESULT OF THE LOWER THAN EXPECTED GROWTH
MOMENTUM
IN NATURAL COLORS AND ANIMAL HEALTH, AND A WEAKER GROWTH
ENVIRONMENT IN EMERGING MARKETS, WE ARE ADJUSTING OUR FULL-YEAR
OUTLOOK FROM 9-11% ORGANIC GROWTH FOR THE GROUP TO NOW 7-8%
ORGANIC GROWTH
    * CEO SAYS GUIDANCE FOR FOOD CULTURES & ENZYMES IS
UNCHANGED,
HEALTH & NUTRITION IS NOW EXPECTED TO GROW AROUND 10%, AND
NATURAL COLORS IS NOW EXPECTED TO GROW 4-5%

Source text for Eikon:  ID:nGNE4rJnSV 
Further company coverage:  CHRH.CO 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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