A “solid” third quarter has led Denmark-based food ingredients firm Chr. Hansen to raise its forecasts for annual sales and EBIT margins.

Chr. Hansen said today (4 July) it expects its sales to increase by 9-11% on an organic basis and excluding the impact of the price of carmine, a colour used in food products. In April, it forecast an 8-10% increase in organic sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company, which makes ingredients for use in dairy, confectionery and meat products, also said it sees its annual EBIT margin to be between 26.5% and 27%, up from its April forecast of “above” 26%.

Chr. Hansen reported an 18.9% increase in EBIT for its third quarter, which ran until the end of May. Net profit was up 13.9%. Revenue rose 6.7%.

Shares in Chr. Hansen had climbed 7.48% at 11:25 CET today.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now