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CHR - Chr Hansen Holding A/S News Story

DKK546.2 4.4  0.8%

Last Trade - 12/05/21

Consumer Defensives
Large Cap
Market Cap £8.32bn
Enterprise Value £9.75bn
Revenue £791.0m
Position in Universe 90th / 1832

BUZZ-Chr Hansen: "Unexpected" outlook cut sends shares into nosedive

Thu 27th June, 2019 8:18am
** Shares in Danish food ingredients maker Chr. Hansen
 CHRH.CO  down 14% after revenue outlook cut
    ** The company downgrades its organic sales growth outlook
for 2018/19 to 7-8% from previous 9-11%*:nASP0013L6
    ** The management cites lower than expected growth momentum
in natural colors and animal health businesses, and a weaker
growth environment in emerging markets
    ** JP Morgan says the extent of the warning on the top line
comes as a surprise, bringing into question top-line
    ** Credit Suisse also says the outlook cut is "unexpected"
    ** JPM downgrades the stock to "underweight" from "neutral"
in light of slowing growth and lower visibility on the top line
and margin in 2020
    ** More than 200,000 shares traded within 5 minutes, nearing
a 30-day average
    ** Stock at the bottom of Stoxx 600 index  .STOXX , set for
worst day ever

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