Food ingredients group Chr. Hansen has booked a “solid” full-year performance with an increase in both profits and sales.
In the year to the end of August, EBIT reached EUR193m (US$265.5m), a 4.3% increase on the prior-year period, the firm reported today (23 October). EBIT margin, however, was down at 26.1% from 26.5% last year.
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Sales in the period increased 6% on the prior fiscal year to reach EUR738m.
“Chr. Hansen delivered solid results in 2012/13,” said CEO Cees de Jong. “The performance in the past year provides a strong platform for future success and with our Nature’s No. 1 strategy we are ready to take Chr. Hansen to the next level.”
The company said it expects organic revenue growth of 7-9% for its 2013/2014 fiscal, and EBIT margin before special items to be above 26%.
Click here to view the firm’s full annual report.
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