Markets :: Specialty Chemicals :: Food additives
Chr. Hansen Raises Sales Estimates
8:34 AM MST | January 12, 2011 | Kerri Walsh
Chr. Hansen (Horsholm, Denmark) reported Ebit before special items up 22%, to €35 million for its fiscal first quarter, which began September 30 and ended November 30. Ebitda before special items rose 15%, to €45.7 million, on sales up 22%, to €156 million. Hansen raised its full-year sales estimates because of strong results from its colors business, the company says. Sales from the colors and blends division grew 56% primarily driven by the conversion to natural colors. The cultures and enzymes division’s revenue grew 12%...
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