Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Chr. Hansen grows in "challenging" conditions

ingredientsnetwork 2019-10-11
Share       

2018/9 organic growth was 7%, with revenue increasing to €1,161 million. Q4 organic growth was 2%, with revenue of €306 million, impacted by -2% growth in natural colours. The company said it was forecasting organic revenue growth for next year in the range 4-8%, with an EBIT margin of 29.5%.

CEO Mauricio Graber said: “2018/19 was a solid year for Chr. Hansen, although it was not without its challenges as tougher market conditions especially in emerging markets made it more difficult to grow to the level of our ambition. We ended the year with 7% organic growth for the group, at the low end of the guidance provided in June. However, we are satisfied that we delivered well on the financial targets for EBIT margin and free cash flow that we set at the beginning of the year, with EBIT margin before special items reaching 29.6% and 17% growth in free cash flow before acquisitions and special items. For the full year, Food Cultures & Enzymes delivered solid organic growth of 8%, while Health & Nutrition delivered 9% and Natural Colors delivered 3%. In Q4, organic growth came down as expected for all three business areas, as we continued to see macroeconomic challenges in emerging markets, primarily impacting Food Cultures & Enzymes and Natural Colors.”

“We made very good progress on our strategic priorities: Plant Health had a very strong year in Latin America, and is set to have another strong year, selling in both Latin America and North America. We’ve reached an important milestone for our Human Microbiome lighthouse with the Bacthera joint venture, and while bioprotection did not have a very strong year, it still delivered double-digit growth, and we are confident in the commercial pipeline and have accelerated the development of the 3rd generation technology.” 

-----------------------------------------------------------------------
Editors Note: For any copyright disputes involving the content,
please email: Julia.Zhang@ubmsinoexpo.com to delete. 

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

vermicelli 100gx5

vermicelli 100gx5

ADEPHARM Tablets

ADEPHARM Tablets

POTASSIUM CARBONATE

POTASSIUM CARBONATE

ARA POWDER 10%

ARA POWDER 10%

Yusweet xylose

Yusweet xylose

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121